Adani Enterprises among 6 stocks trading above 200-Day SMA
market sentiment and identifying potential investment opportunities. One such indicator is the 200-day Simple Moving Average (SMA), often regarded as a long-term trend signal. On September 25, several significant stocks demonstrated noteworthy movement by crossing their 200-day SMA.
Let's explore the performance of these stocks.
(Data Source: StockEdge)
1. The Andhra Sugars
The Andhra Sugars Limited is a well-known player in the sugar and chemical industry. On September 25, the company's stock closed at Rs 123.45, surpassing its 200-day SMA of Rs 118.5.
2. Aavas Financiers
Aavas Financiers Limited is a prominent housing finance company in India.
The stock crossed the 200-day SMA with a closing price of Rs 1695.5 on September 25.
3. Heidelberg Cement India
Heidelberg Cement India Limited operates in the cement manufacturing industry. Its stock closed at Rs 178.95 on September 25, slightly above the 200-day SMA of Rs 177.63.
4. Matrimony.Com
Matrimony.Com Limited is a leading online matchmaking and marriage services provider.
The stock crossed the 200-day SMA with a closing price of Rs 588.65 on September 25.
5. Vadilal Industries
Vadilal Industries Limited is a well-known player in the ice cream and processed foods industry. Its stock, closing at Rs 2562.2 on September 25, showed strength above the 200-day SMA.
6. Adani Enterprises
Adani Enterprises Limited, part of the Adani Group, is involved in various sectors, including energy, infrastructure, and logistics.
Its stock crossed the 200-day SMA and closed at Rs 2482.1 on September 25.
(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)
