Biocon, Marico among 5 mid-, small-cap stocks holding fort in a weak market

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Biocon, Marico among 5 mid-, small-cap stocks holding fort in a weak market - Business Standard

Quick Summary:

The overall market trend has been negative with over 60% of the Nifty Mid- and Small-Cap stocks now trading below the long-term moving averages; however, these 5 stocks continue to buck the trend.

The sell-off has been more severe in the mid- and small-cap stocks, with the Nifty MidCap 150, the SmallCap 250 and the Nifty Mid-SmallCap indices down up to 9 per cent in the same period. In the process, the benchmark indices have fallen below the key long-term moving averages, i.e.the 200-day Daily Moving Average on the charts.

Biocon, Marico among 5 mid-, small-cap stocks holding fort in a weak marketThe overall market trend has been negative with over 60% of the Nifty Mid- and Small-Cap stocks now trading below the long-term moving averages; however, these 5 stocks continue to buck the trend.