The large cap stocks crossing their 20-Day SMAs on September 1, 2023, indicate their strength and upward trajectory. This upward momentum in stocks such as GAIL, ONGC, Power Grid, Coal India, and Tech Mahindra showcases the resilience and potential for growth within these companies. Let’s explore the performance of these stocks. (Data Source: StockEdge)
1. GAIL
GAIL, a leading natural gas company, surged past its 20-day SMA of Rs 116.04, closing at Rs 121.35. The company plays a pivotal role in India’s energy sector.
2. Oil & Natural Gas Corporation
ONGC, a renowned oil and gas exploration company, exceeded its 20-day SMA of Rs 176.03, closing at Rs 181.75.
3. Power Grid Corporation of India
Power Grid, a crucial player in India’s power transmission sector, surged above its 20-day SMA of Rs 245.84, closing at Rs 252.2.
4. Coal India
Coal India, a key contributor to India’s coal production, surpassed its 20-day SMA of Rs 231.6, closing at Rs 236.9.
5. Tech Mahindra
Tech Mahindra, a prominent IT services company, exceeded its 20-day SMA of Rs 1208.51, closing at Rs 1228.05.
6. Samvardhana Motherson International
Samvardhana Motherson International, a global automotive parts manufacturer, surged above its 20-day SMA of Rs 96.29, closing at Rs 97.8. The company specializes in providing innovative solutions to the automotive industry.
7. Bajaj Finserv
Bajaj Finserv, a prominent financial services conglomerate, exceeded its 20-day SMA of Rs 1491.82, closing at Rs 1514.5.
8. UPL
UPL, a leading global provider of agricultural solutions, crossed its 20-day SMA of Rs 594.21, closing at Rs 603.
9. SBI Life Insurance Company
SBI Life Insurance, a joint venture between State Bank of India and BNP Paribas Cardif, exceeded its 20-Day SMA of Rs 1301.42, closing at Rs 1320.55.
10. Eicher Motors
Eicher Motors, the parent company of Royal Enfield, surpassed its 20-day SMA of Rs 3360.7, closing at Rs 3400.4. The company is renowned for its iconic motorcycles.
(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)
(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
