Small Cap Stocks Take the Lead: PROCEPT BioRobotics Corp. Emerges as Top Performer

Aug 21 2024 10:32 AM IST

The small cap segment of the stock market is currently leading with PROCEPT BioRobotics Corp. as the top performer with a return of 28.36% and Inhibrx, Inc. as the worst performer with a decline of -52.36%. The advance decline ratio of 3.92x indicates a positive sentiment in the market, with more stocks moving upwards. Recent changes in the small cap index have shown a shift from mildly bullish to bullish for Enerpac Tool Group Corp., Avnet, Inc., Bank of Hawaii Corp., and Cavco Industries, Inc., potentially signaling growth and profitability. Investors should closely monitor these stocks and stay informed in order to make informed investment decisions. It is recommended to do thorough research and consult with a financial advisor before making any investment decisions.

The stock market is constantly evolving and today, the small cap segment is taking the lead. With a return of 28.36%, PROCEPT BioRobotics Corp. has emerged as the best performer in this segment. On the other hand, Inhibrx, Inc. has seen a decline of -52.36%, making it the worst performer.

But what's driving this market today? The advance decline ratio of the stocks in this small cap segment tells us that 599 stocks are advancing while 153 stocks are declining, with a ratio of 3.92x. This indicates a positive sentiment in the market, with more stocks moving upwards.

In terms of technical calls, there have been some recent changes in the small cap index. Enerpac Tool Group Corp., Avnet, Inc., Bank of Hawaii Corp., and Cavco Industries, Inc. have all seen a shift from mildly bullish to bullish. This could be a sign of potential growth and profitability for these stocks.

Investors should keep a close eye on these stocks as they could be potential winners in the small cap segment. With the market showing positive signs, it is important to stay updated and make informed decisions when it comes to investing. As always, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.

{{stock_short.stock.price_difference.value}} ({{stock_short.stock.price_percentage.value}}%)

{{ stock_short.product_icon_list.length-1 }} More

WHY IT'S
{{stock_short.dot_summary.scoreText}}

MOJO SCORE

{{stock_short.stock.price_difference.value}} ({{stock_short.stock.price_percentage.value}}%)

{{ra.stock_return.chgp}}%

{{ra.sensex_return.chgp}}%

Change%

Figures in Rs cr

Mojo Parameters

Quality: {{stock_short.dashboard.dotsummary.q_txt}}

Valuation: {{stock_short.dashboard.dotsummary.v_txt}}

Quarterly Financial Trend: {{stock_short.dashboard.dotsummary.f_txt}}

Technicals: {{stock_short.dashboard.dotsummary.tech_txt}}

Stock Info

Market Cap: {{stock_short.stock_data[1]['value']}}

Sector:{{stock_short.stock_data[0]['value']}}

52 w H/L (Rs.):{{stock_short.dashboard.priceinfo['52wk_high']}}/{{stock_short.dashboard.priceinfo['52wk_low']}}