Paytm, HUL, Airtel, 6 others in momentum, cross 20-day SMA

Crossing the 50-day Simple Moving Average is a significant technical milestone for stocks, often indicating potential changes in short-term trends. On July 20, 2023, companies like Shoppers Stop, Marico, and others demonstrated their strength and positive momentum by surpassing this indicator.

Let's delve into their recent accomplishments. (Data Source: StockEdge)

1. Bharti Airtel
Bharti Airtel surged above the 20 SMA on July 21, 2023, with its stock price at Rs. 884.85, above the 20 SMA of Rs. 873.22. Bharti Airtel is a leading telecommunications company, providing mobile, broadband, and digital services to millions of customers in India and beyond.

2. Maruti Suzuki India
Maruti Suzuki India showcased steady performance above the 20 SMA on July 21, 2023, with its stock price at Rs. 9772.5, above the 20 SMA of Rs. 9673.62. Maruti Suzuki India is the largest automobile manufacturer in India, known for its wide range of cars catering to diverse market segments.

3. Hindustan Unilever
Hindustan Unilever demonstrated strength above the 20 SMA on July 21, 2023, with its stock price at Rs. 2703.25, above the 20 SMA of Rs. 2681.83. Hindustan Unilever is a leading consumer goods company, offering a vast array of home and personal care products.

4. Solar Industries India
Solar Industries India surged above the 20 SMA on July 21, 2023, with its stock price at Rs. 3746.4, above the 20 SMA of Rs. 3702.51. Solar Industries India is a major player in the explosives and defense industry, providing a wide range of explosive solutions.

5. Axis Bank
Axis Bank showcased positive momentum above the 20 SMA on July 21, 2023, with its stock price at Rs. 977.9, above the 20 SMA of Rs. 967.83.

6. One97 Communications (Paytm)
One97 Communications, the parent company of Paytm, continued its positive trajectory above the 20 SMA on July 21, 2023, with its stock price at Rs. 851.35, above the 20 SMA of Rs. 847.24. One97 Communications is a prominent player in the digital payments and e-commerce space in India.

7. Indiabulls Housing Finance
Indiabulls Housing Finance showcased strength above the 20 SMA on July 21, 2023, with its stock price at Rs. 123.55, above the 20 SMA of Rs. 122.44. Indiabulls Housing Finance is a leading housing finance company, providing home loans and other financial services to customers.

8. Borosil Renewables
Borosil Renewables sustained performance above the 20 SMA on July 21, 2023, with its stock price at Rs. 499.8, above the 20 SMA of Rs. 496.22. Borosil Renewables is a major manufacturer of solar glass, serving the solar energy sector.

9. Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) showcased positive momentum above the 20 SMA on July 21, 2023, with its stock price at Rs. 628.25, above the 20 SMA of Rs. 623.46.

(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)