Indian Stock Market Shows Mixed Trend, Torrent Pharma and Tube Investments Lead Gains

Oct 18 2024 01:00 PM IST
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The Indian stock market is experiencing a mixed trend today, with some stocks showing bullish signs while others are struggling. Torrent Pharma and Vedant Fashions are top performers, while Tube Investments and Tata Elxsi are also showing positive trends. In the mid cap segment, Gillette India and Tube Investments have been upgraded to a buy rating. Mazagon Dock is the top performer in this segment, while Indraprastha Gas is the worst performer. The advance decline ratio for mid cap stocks is at 1.15x, with 70 stocks advancing and 61 declining. Upcoming results from companies like Pun. & Sind Bank, UCO Bank, Dalmia Bharat Ltd, CG Power & Ind, and Persistent Sys may impact their stock performance.

The Indian stock market is seeing a mixed trend today, with some stocks showing bullish signs while others are struggling to maintain their momentum. Among the top performers, Torrent Pharma is showing a strong bullish trend, while Vedant Fashions has recently shifted from a neutral stance to a bullish one. Tube Investments is also showing a positive trend, moving from mildly bullish to bullish.

On the other hand, Tata Elxsi is experiencing a slight shift from a mildly bearish to a mildly bullish trend. The Ramco Cement, which was previously moving sideways, is now showing a mildly bullish trend.

In the mid cap segment, Gillette India and Tube Investments have both been upgraded from a hold to a buy rating. This segment has been the best performer in the market today, with the BSE midcap index up by 0.14%. Mazagon Dock has been the top performer in this segment, with a return of 8.96%, while Indraprastha Gas has been the worst performer with a return of -10.87%.

The advance decline ratio for mid cap stocks is currently at 1.15x, with 70 stocks advancing and 61 stocks declining. In the coming days, several companies in this segment will be declaring their results, including Pun. & Sind Bank, UCO Bank, Dalmia Bharat Ltd, CG Power & Ind, and Persistent Sys.

In terms of stock upgrades, the following companies have recently seen an improvement in their scores: Pun. & Sind Bank, UCO Bank, Dalmia Bharat Ltd, CG Power & Ind, and Persistent Sys. Investors should keep an eye on these stocks as they may see a positive impact on their performance in the near future.

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