Small Cap Segment Leads Market Despite Decline, Upgrades and Changes in Technical Calls

Nov 21 2024 09:25 AM IST
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The Small Cap segment has seen a decline of -0.04% in the market today, but it remains the best performer with Shiva Cement showing a return of 6.63%. NDTV has been the worst performer with a return of -10.80%. The advance decline ratio for this segment is 0.53x, indicating a bearish trend. However, some companies in this segment have recently been upgraded from hold to buy, including Pilani Invest., Indian Metals, and Medplus Health. There have also been changes in technical calls, with some stocks being upgraded from mildly bullish to bullish. Despite challenges, there are still opportunities for investors in the Small Cap segment.

The market today is being driven by the performance of the Small Cap segment, which has seen a decline of -0.04%. Despite this, it has been the best performer with Shiva Cement showing a return of 6.63%. On the other hand, NDTV has been the worst performer with a return of -10.80%.

The advance decline ratio of stocks in this small cap segment is 319 advancing and 600 declining, with a ratio of 0.53x. This indicates that the market is currently facing a bearish trend.

However, there is some positive news for investors as the stock scores of some companies in this segment have been upgraded recently. These include Pilani Invest., Indian Metals, and Medplus Health, which have all been upgraded from hold to buy.

In terms of technical calls, there have also been some changes in the Small Cap Index. Pilani Invest. has been upgraded from mildly bullish to bullish, while Sequent Scien. has also seen an upgrade from mildly bullish to bullish. Hatsun Agro and KDDL Ltd have both changed from sideways to mildly bullish, and Rajoo Engineers has been upgraded from mildly bullish to bullish.

Overall, while the market may be facing some challenges, there are still opportunities for investors in the Small Cap segment. With the recent upgrades and changes in technical calls, it is important for investors to keep a close eye on these stocks and make informed decisions.

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