Whirlpool India Leads Midcap Segment, P&G Hygiene Declares Negative Results
The midcap segment of the market has seen a decline of -0.59% today, with some stocks performing well and others underperforming. Whirlpool India has been the top performer with a return of 5.85%, while Tata Elxsi has been the worst performer with a return of -4.09%. The advance-decline ratio shows that there are more declining stocks than advancing ones. P&G Hygiene's negative financial results may have contributed to the decline. However, there have been some positive developments, with several stocks receiving upgrades and technical calls changing from Hold to Buy. Investors should closely monitor the market and make informed decisions based on the latest developments.
The midcap segment of the market has been a mixed bag today, with the BSE midcap index down by -0.59%. However, despite this overall decline, there have been some standout performers and underperformers within this segment.
Whirlpool India has been the best performer in the midcap segment today, with a return of 5.85%. This is a significant increase compared to the overall decline in the index. On the other hand, Tata Elxsi has been the worst performer, with a return of -4.09%.
Looking at the advance-decline ratio of stocks in this midcap segment, we can see that 34 stocks are advancing while 92 stocks are declining. This translates to a ratio of 0.37x, indicating that there are more declining stocks than advancing ones.
In terms of financial results, P&G Hygiene has declared its results with a negative financial score change. This may have contributed to the overall decline in the midcap index.
However, there have also been some positive developments in this segment. Several stocks have recently had their scores upgraded, including Biocon, L&T Technology, Tata Technolog., Power Fin.Corpn., and Nuvoco Vistas. This indicates a bullish sentiment towards these stocks.
In addition, L&T Technology and Power Fin.Corpn. have also had their technical calls changed from Hold to Buy. This further reinforces the positive outlook for these stocks.
Overall, the midcap segment of the market is experiencing a mix of ups and downs today. While there have been some standout performers, there are also some underperformers and declining stocks. Investors should keep a close eye on the market and make informed decisions based on the latest developments.
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