Small Cap Segment Leads Market with Positive Trends and Upgrades

Mar 02 2024 02:00 PM IST
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The small cap segment, led by Data Pattern's 5.00% return, is currently the best performing segment in the market. The advance decline ratio for this segment is at 2.85x, indicating a positive trend. Recent results from Mirza International and Salasar Techno show contrasting financial score changes. However, some stocks in this segment, such as JTEKT India and Newgen Software, have seen upgrades in their scores and technical calls. Investors should monitor this segment for potential opportunities.
The market is currently being driven by the small cap segment, with the BSE Smallcap index up by 0.7%. This segment has been the best performer, with Data Pattern showing a return of 5.00%. However, Apollo Micro Sys has been the worst performer with a return of -5.00%. The advance decline ratio for stocks in this small cap segment is at 2.85x, with 693 stocks advancing and 243 stocks declining. This indicates a positive trend in the market. Investors should take note of the recent results declared by Mirza International and Salasar Techno. Mirza International has shown a very negative financial score change, while Salasar Techno has shown a positive financial score change. On the other hand, there are some stocks in this small cap segment that have recently seen an upgrade in their scores. These include JTEKT India, Newgen Software, Aptus Value House, and Data Pattern, all of which have been upgraded from Hold to Buy. In terms of technical calls, some stocks in this small cap index have also seen a change. BEML Land Assets, Global Surfaces, NMDC Steel, Aarti Pharma, and KFin Technologies have all been upgraded from None to Mildly Bullish or Bullish. Overall, the small cap segment is driving the market today with positive trends and upgrades in scores and technical calls for certain stocks. Investors should keep a close eye on this segment for potential opportunities.

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