Mid Cap Stocks Show Positive Momentum: Torrent Pharma, Uno Minda, Go Digit General, Coromandel Inter, Jubilant Food, Gillette India, and Balkrishna Inds Upgraded.

Dec 06 2024 11:00 AM IST
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The mid cap segment of the market is currently showing a mix of bullish and mildly bullish sentiments. Stocks such as Torrent Pharma and Uno Minda have been upgraded from Hold to Buy, while Go Digit General and Coromandel Inter have shifted to Mildly Bullish. Jubilant Food and Gillette India have also seen positive changes in their technical calls. The BSE Midcap index has seen a 0.31% increase and SJVN has been the top performer with a return of 4.36%. Investors should consider researching and consulting with a financial advisor before making any investment decisions.
Torrent Pharma, Uno Minda, Go Digit General, Coromandel Inter, Jubilant Food, Gillette India, and Balkrishna Inds.

The market is currently being driven by a mix of bullish and mildly bullish sentiments. In the mid cap segment, we have seen a change in technical calls for some stocks. Torrent Pharma and Uno Minda have been upgraded from Hold to Buy, indicating a positive outlook for these companies.

In the same segment, Go Digit General has moved from None to Mildly Bullish, while Coromandel Inter has shifted from Bullish to Mildly Bullish. Jubilant Food and Gillette India have also seen a change in their technical calls, moving from Mildly Bullish to Bullish. Balkrishna Inds has remained stable, shifting from Sideways to Mildly Bullish.

Overall, the mid cap segment has been the best performer, with the BSE Midcap index up by 0.31% and a 2.34% increase in the last 5 days. SJVN has been the top performer in this segment with a return of 4.36%, while Phoenix Mills has been the worst performer with a return of -2.44%.

The advance decline ratio for mid cap stocks is also positive, with 85 stocks advancing and only 47 declining, resulting in a 1.81x ratio. This indicates a strong performance by the mid cap segment.

Investors should keep an eye on the upgraded stocks in this segment, as they may present good investment opportunities. With the overall market sentiment being positive, it is a good time to consider investing in mid cap stocks. However, as with any investment, it is important to do thorough research and consult with a financial advisor before making any decisions.

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