Varun Beverages, Tata Chemicals among 6 stocks which have crossed 50-day SMA

economictimes.indiatimes.com:

July 24, 2023, the stock market witnessed an exciting development as several companies crossed their 50-day Simple Moving Average (SMA), indicating potential uptrends in their stock prices. Notable companies that showcased strong growth potential were Varun Beverages, KPIT Technologies, Siemens, Bosch, Tata Chemicals, and EID-Parry (India). Let's take a closer look at these companies and their recent stock movements.(Data Source: StockEdge)1. Varun Beverages Varun Beverages, one of the largest franchisees of PepsiCo in India, demonstrated robust performance as its stock crossed the 50-day SMA at Rs 813.74 and closed at Rs 817.7 on July 24.2. KPIT Technologies KPIT Technologies displayed strong market momentum as its stock crossed the 50-day SMA at Rs 1051.71 and closed at Rs 1056.8 on July 24.

As a global IT consulting and product engineering services company, KPIT Technologies offers solutions in the automotive, manufacturing, and energy sectors.3. Siemens Siemens, a global powerhouse in electronics and electrical engineering, showcased positive momentum as its stock crossed the 50-day SMA at Rs 3678.27 and closed at Rs 3694.9 on July 24.4. Bosch Bosch, a renowned multinational engineering and technology company, demonstrated promising market movement as its stock crossed the 50-day SMA at Rs 18960.54 and closed at Rs 19024.25 on July 24.5. Tata Chemicals Tata Chemicals displayed positive momentum as its stock crossed the 50-day SMA at Rs 987.86 and closed at Rs 990.5 on July 24.