Small Cap Segment Shows Strong Growth and Potential for Investors
The BSE Smallcap index has seen a 0.58% increase today and a significant growth of 4.19% in the past five days, making it the best performing segment across MCaps. Century Textiles has been the top performer with a return of 11.98%, while GE T&D India has been the worst performer with a return of -4.77%. The advance decline ratio for stocks in this segment is positive, with 674 stocks advancing and only 308 declining. Recent upgrades and technical changes for some companies, such as Kirloskar Oil and Kalyan Jewellers, could present a good opportunity for investors to consider these stocks for their portfolio. Overall, the small cap segment is showing strong growth and potential for investors.
The small cap segment of the market has been on the rise, with the BSE Smallcap index showing a 0.58% increase today. In the past five days, this segment has seen a significant growth of 4.19%. This makes it the best performing segment across MCaps.
Among the top performers in this segment is Century Textiles, with a return of 11.98%. On the other hand, GE T&D India has been the worst performer with a return of -4.77%.
The advance decline ratio for stocks in this small cap segment is also positive, with 674 stocks advancing and only 308 declining. This translates to a ratio of 2.19x, indicating a strong market sentiment.
Investors in this segment should take note of the recent upgrades in stock scores for some companies. Kirloskar Oil, Kalyan Jewellers, Vijaya Diagnost., City Union Bank, and CEAT have all been upgraded from Hold to Buy. This could be a good opportunity for investors to consider these stocks for their portfolio.
In terms of technical calls, Muthoot Microfin, Inox India, ASK Automotive, Protean eGov, and TVS Supply have all seen a change from None to mildly bullish. This could be a sign of positive momentum for these stocks in the near future.
Overall, the small cap segment is showing strong growth and potential for investors. With positive market sentiment and recent upgrades and technical changes, it could be a good time to consider investing in this segment.
Our weekly and monthly stock recommendations are here
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