Small Cap Segment Shows Mixed Trend, M T N L Among Top Gainers

Jul 23 2024 11:00 AM IST
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The BSE Smallcap index has seen a 0.1% increase today, with M T N L as the top gainer and Novartis India as the worst performer. The advance decline ratio is at 1.05x, indicating a mixed trend. Some companies have declared their financial results, while others are expected to do so in the upcoming days. Kajaria Ceramics has been upgraded from Hold to Buy, while some stocks have seen a change from None to mildly bullish on the technical front. Investors should stay informed about these developments to make informed decisions in this market.


The small cap segment of the market has been the best performer today, with the BSE Smallcap index up by 0.1%. Among the top gainers in this segment is M T N L, with a return of 9.99%. On the other hand, Novartis India has been the worst performer with a return of -5.04%.

The advance decline ratio of the stocks in this small cap segment is at 1.05x, with 505 stocks advancing and 481 stocks declining. This indicates a mixed trend in the market.

Some companies have declared their financial results today, including Zensar Tech. which has reported a flat financial score change. In the upcoming days, PNB Gilts, Ramkrishna Forg., Welspun Living, Butterfly Gan Ap, and JSW Holdings will be declaring their results.

In terms of stock upgrades, Kajaria Ceramics has been upgraded from Hold to Buy in this small cap index. On the technical front, ASK Automotive, Max Estates, Zaggle Prepaid, IKIO Lighting, and NMDC Steel have all seen a change from None to mildly bullish.

Overall, the small cap segment is showing a mixed trend with some stocks performing well and others facing a decline. Investors should keep an eye on the upcoming results and stock upgrades to make informed decisions in this market.

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