The crossing of the 20-day SMA suggests positive investor sentiment and may indicate potential opportunities for upward price movements in the market. Companies such as KEI Industries, Prism Johnson, Quess Corp, and Balaji Amines showcasing strong performance in their respective sectors.
Let’s explore the performance of these stocks. (Data Source: StockEdge)
1. Star Cement
Star Cement, a leading cement manufacturer in India, demonstrated strong market momentum by crossing its 20-day SMA at Rs 145.24, with a closing price of Rs 158.7 on August 2.
2. Prism Johnson
Prism Johnson, a major player in the building materials sector, exhibited positive market performance by surpassing its 20-day SMA at Rs 125.82, with a closing price of Rs 129.35 on August 2.
3. AIA Engineering
AIA Engineering, a prominent manufacturer of high-chrome grinding media, showcased impressive market momentum by crossing its 20-day SMA at Rs 3412.38, with a closing price of Rs 3464.55 on August 2.
4. PI Industries
PI Industries, a leading agricultural solutions provider, displayed strong market performance as it surpassed its 20-day SMA at Rs 3652.69, with a closing price of Rs 3684.7 on August 2.
5. Balaji Amines
Balaji Amines, a significant manufacturer of specialty chemicals, demonstrated positive market momentum by crossing its 20-day SMA at Rs 2208.34, with a closing price of Rs 2224.75 on August 2.
6. Divi’s Laboratories
Divi’s Laboratories, a renowned pharmaceutical company, showcased impressive market performance by surpassing its 20-day SMA at Rs 3674.11, with a closing price of Rs 3690.6 on August 2.
7. Metro Brands
Metro Brands, a leading footwear retailer in India, displayed positive market momentum as it crossed its 20-day SMA at Rs 1052.49, with a closing price of Rs 1056.15 on August 2.
8. Nestle India
Nestle India, a well-known food and beverage company, demonstrated strong market performance by surpassing its 20-day SMA at Rs 22833.24, with a closing price of Rs 22882.3 on August 2.
9. Ultratech Cement
Ultratech Cement, one of India’s largest cement manufacturers, showcased impressive market momentum by crossing its 20-day SMA at Rs 8280.43, with a closing price of Rs 8287.7 on August 2.
10. Bayer CropScience
Bayer CropScience, a leading player in the agricultural industry, displayed positive market performance as it surpassed its 20-day SMA at Rs 4584.04, with a closing price of Rs 4584.25 on August 2.
(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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