BPCL, HDFC Life, 3 more stocks cross 50-day SMA
50-day SMA, is a critical tool that provides valuable insights into a stock's short-term performance. On Tuesday, October 17, several largecap stocks in the Indian market displayed significant moves by crossing their 50-day SMA, signaling potential changes in their stock trends.
Let's explore the performance of these stocks. (Data Source: StockEdge)
1. ICICI Lombard General Insurance Company
ICICI Lombard is a prominent name in India's insurance sector, offering a wide range of insurance products.
With a closing price of 1360.35 on October 17, the stock has crossed its 50-day SMA of 1339.28.
2. Bharat Petroleum Corporation
Bharat Petroleum Corporation Limited (BPCL) is a major player in India's energy sector, involved in the refining, marketing, and distribution of petroleum products. With a closing price of 354.7 on October 17, the stock has crossed its 50-day SMA of 351.6.
3. HDFC Life Insurance Company
HDFC Life is one of the leading insurance companies in India, offering a wide range of life insurance products.
With a closing price of 641.8 on October 17, the stock has comfortably crossed its 50-day SMA of 638.44.
4. Torrent Pharmaceuticals
Torrent Pharmaceuticals is a well-known pharmaceutical company in India, specializing in a wide range of healthcare products. With a closing price of 1921.55 on October 17, the stock has crossed its 50-day SMA of 1914.32.
5. Indian Oil Corporation
Indian Oil Corporation (IOC) is a major player in the oil and gas industry, involved in refining, marketing, and distribution of petroleum products.
