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    Nazara Tech, UltraTech Cement and 6 other stocks surpass 50-SMA

    Synopsis

    A select group of companies achieved the significant feat of crossing their 50 SMA, marking a noteworthy development in their stock performance.

    Nazara Tech, UltraTech Cement and 6 other stocks surpass 50-SMAReuters
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    In the dynamic world of stock trading, indicators such as the 50-day Simple Moving Average (SMA) play a crucial role in evaluating trends and potential market shifts.

    On August 16, 2023, a select group of companies achieved the significant feat of crossing their 50 SMA, marking a noteworthy development in their stock performance. These companies' achievements reflect their resilience and growth potential, as well as their influence in their respective sectors. (Data Source: StockEdge)

    1. Nazara Technologies
    Closing at Rs 696.65 on August 16, 2023, Nazara Technologies surpassed its 50 SMA of Rs 681.43.

    2. Jubilant Ingrevia
    Jubilant Ingrevia, a global participant in specialty chemicals and life sciences, closed at Rs 432.6, exceeding its 50 SMA of Rs 425.35 on August 16, 2023.

    3. SRF
    SRF, a multinational manufacturer operating in chemicals, packaging films, and technical textiles, crossed its 50 SMA of Rs 2287.77 by closing at Rs 2301.65 on August 16, 2023.

    4. Fortis Healthcare
    Fortis Healthcare, a significant player in the healthcare sector, surpassed its 50 SMA of Rs 317.88 by closing at Rs 319.7 on August 16, 2023.

    5. CRISIL
    CRISIL, a leading provider of ratings, research, and risk advisory services, exceeded its 50 SMA of Rs 3873.17 by closing at Rs 3887.15 on August 16, 2023.

    5. Ultratech Cement

    Ultratech Cement, the largest manufacturer of grey cement, ready mix concrete, and white cement in India surpassed its 50 SMA of Rs 8241.77 by closing at Rs 8251.9 on August 16, 2023.

    6. Suprajit Engineering
    Suprajit Engineering, a key contributor to the automotive cable industry, closed at Rs 409.7, surpassing its 50 SMA of Rs 409.29 on August 16, 2023.

    7. Power Grid Corporation of India
    Power Grid Corporation of India, a vital player in electricity transmission and distribution, crossed its 50 SMA of Rs 247.9 by closing at Rs 248.05 on August 16, 2023.

    8. KEI Industries
    KEI Industries, a leading cable manufacturer serving power, industrial, and residential sectors, closed at Rs 2345.65, surpassing its 50 SMA of Rs 2345.13 on August 16, 2023.

    (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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