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    TCS, Adani Green Energy, DLF and more gain momentum by crossing 20-day SMA

    Synopsis

    Adani Enterprises crossed its 20-day SMA, moving from 2392.57 to 2387.9 on July 12. Adani Enterprises is a diversified conglomerate with interests in various sectors, including energy, logistics, infrastructure, and agribusiness

    TCS, Adani Green Energy, DLF and more gain momentum by crossing 20-day SMAETMarkets.com
    The closing price of a stock above its 20 Simple Moving Average (SMA) can indicate a short-term bullish sentiment in the market. The 20 SMA is a popular technical indicator used to assess recent price trends. When a stock crosses its 20 SMA, it often attracts the attention of traders and investors looking for potential opportunities.

    Let's delve into the stocks that crossed their 20 SMA on July 12, 2023, and provide a brief overview of these companies. (Data Source: StockEdge)

    1. DLF
    DLF crossed its 20-day SMA of 491.83, closing at 492.4 on July 12, 2023. DLF is one of India's largest real estate companies, specializing in residential, commercial, and retail properties.

    2. Life Insurance Corporation of India (LIC)
    LIC witnessed a crossover of its 20-day SMA, moving from 621.31 to 620.45 on July 12. LIC is the largest life insurance company in India and offers a wide range of life insurance products and services.

    3. Adani Enterprises
    Adani Enterprises crossed its 20-day SMA, moving from 2392.57 to 2387.9 on July 12. Adani Enterprises is a diversified conglomerate with interests in various sectors, including energy, logistics, infrastructure, and agribusiness.

    4. Tata Consultancy Services (TCS)
    TCS witnessed a crossover of its 20-day SMA, moving from 3252.78 to 3259.9 on July 12. TCS is a leading global IT services and consulting company, providing a wide range of technology solutions to businesses across industries.

    5. Power Grid Corporation of India
    Power Grid Corporation of India crossed its 20-day SMA, moving from 251.18 to 252.05 on July 12. Power Grid Corporation of India is a state-owned company engaged in the transmission and distribution of electricity.

    6. Hindustan Unilever
    Hindustan Unilever crossed its 20-day SMA, moving from 2685.28 to 2673.65 on July 12. Hindustan Unilever is one of India's leading consumer goods companies, offering a wide range of products in categories such as personal care, home care, and foods.

    7. Godrej Consumer Products
    Godrej Consumer Products crossed its 20-day SMA, moving from 1063.17 to 1068.35 on July 12. Godrej Consumer Products is a leading consumer goods company, specializing in household and personal care products.

    8. Pidilite Industries
    Pidilite Industries crossed its 20-day SMA, moving from 2635.35 to 2622.45 on July 12. Pidilite Industries is a renowned adhesive and construction chemical manufacturer, offering a wide range of products for various applications.

    9. Adani Green Energy
    Adani Green Energy crossed its 20-day SMA, moving from 959.45 to 954.55 on July 12. Adani Green Energy is one of the largest renewable energy companies in India, involved in the generation of solar and wind energy.

    10.Hindalco Industries
    Hindalco Industries crossed its 20-day SMA, moving from 422.63 to 424.85 on July 12. Hindalco Industries is a leading aluminum and copper manufacturing company, catering to diverse industries such as automotive, packaging, and construction.

    (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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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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