Small Cap Segment on the Rise: Top Performers, Upgrades, and Technical Changes
The BSE Smallcap index has seen a 0.56% increase today and a 0.21% growth in the last 5 days, making it the best performer across MCaps. Globus Spirits has been the top performer with a return of 17.32%, while SpiceJet has been the worst performer with a return of -5.98%. The advance decline ratio of stocks in this segment is at 1.49x, indicating a positive trend. Several stocks have had their scores upgraded, including K E C Intl., Finolex Inds., Allsec Tech., Repco Home Fin, and Uflex, suggesting a positive outlook. Technical calls have also shown positive changes, with stocks like Innova Captab, Yatra Online, Aarti Pharma, Radiant Cash, and Archean Chemical showing bullish sentiments. Overall, the small cap segment is showing promising growth and investors should keep a close watch for potential opportunities.
The small cap segment of the market has been on the rise, with the BSE Smallcap index showing a 0.56% increase today. In the last 5 days, this segment has seen a 0.21% growth, making it the best performer across MCaps. Globus Spirits has been the top performer in this segment, with a return of 17.32%. However, SpiceJet has been the worst performer with a return of -5.98%.
The advance decline ratio of stocks in this small cap segment is at 1.49x, with 591 stocks advancing and 396 stocks declining. This indicates a positive trend in this segment.
Investors should keep an eye on the upcoming results of Nagarjuna Fert., which is set to declare its results on 31st August 2024.
In recent news, several stocks in this small cap segment have had their scores upgraded. K E C Intl., Finolex Inds., Allsec Tech., Repco Home Fin, and Uflex have all been upgraded from Hold to Buy. This indicates a positive outlook for these stocks and investors may want to consider adding them to their portfolio.
In terms of technical calls, there have been some changes in the small cap index. Innova Captab has changed from None to bullish, Yatra Online from None to mildly bullish, Aarti Pharma from None to bullish, Radiant Cash from sideways to mildly bullish, and Archean Chemical from mildly bullish to bullish. These changes suggest a positive sentiment towards these stocks and investors may want to take advantage of this opportunity.
Overall, the small cap segment of the market is showing promising growth and investors should keep a close watch on these stocks for potential opportunities. With the recent upgrades and technical changes, it is clear that this segment is being driven by strong market forces.
Our weekly and monthly stock recommendations are here
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