Midcap Market Shows Mixed Performance, Castrol India Emerges as Top Performer

Dec 05 2024 12:00 PM IST
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The BSE midcap index is down by -0.28% today, with Castrol India as the best performer and Oil India as the worst performer. Individual stocks have a range of bullish to mildly bullish sentiment, with some recent changes in ratings and technical calls. The advance decline ratio for midcap stocks is currently at 0.48x, indicating a slightly bearish sentiment. Investors should closely monitor these trends to make informed decisions about their investments in this segment.

The midcap segment of the market has been a mixed bag today, with the BSE midcap index down by -0.28%. However, within this segment, there have been some notable performers. Castrol India has emerged as the best performer with a return of 4.46%, while Oil India has been the worst performer with a return of -3.62%.

Looking at individual stocks, we can see that there is a range of bullish to mildly bullish sentiment. Go Digit General is currently rated as none to mildly bullish, while Coromandel Inter and Jubilant Food are both rated as mildly bullish to bullish. Gillette India falls in the category of bullish to mildly bullish, while Balkrishna Inds is expected to remain sideways to mildly bullish.

In terms of the overall market sentiment, the advance decline ratio for midcap stocks is currently at 0.48x, with 43 stocks advancing and 89 stocks declining. This indicates a slightly bearish sentiment in the market.

However, there have been some recent changes in stock ratings and technical calls within this segment. Indian Bank has been upgraded from hold to strong buy, while Mphasis has been upgraded from hold to buy. These changes could potentially impact the performance of these stocks in the near future.

Overall, the midcap segment of the market is showing a mix of positive and negative trends, with some stocks performing well and others struggling. Investors should keep a close eye on the changing ratings and technical calls to make informed decisions about their investments in this segment.

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