The stock market marked a significant day on August 30, 2023, as several companies managed to cross their 50-day Simple Moving Average (SMA), indicating potential upward trends and positive market sentiment. Let’s explore the performance of these stocks.
1. Eicher Motors
Eicher Motors closed at Rs 3405.75 on August 30, crossing its 50-day SMA of 3376.37.
2. Ambuja Cements
Ambuja Cements achieved a closing price of Rs 444.05, exceeding its 50-day SMA of 441.07 on August 30.
3. Avenue Supermarts
Avenue Supermarts closed at Rs 3736.3 on August 30, surpassing its 50-day SMA of 3712.21.
4. Hindustan Zinc
Hindustan Zinc achieved a closing price of Rs 319.95, crossing its 50-day SMA of 318.1 on August 30.
5. Cholamandalam Investment and Finance Company
Cholamandalam Investment and Finance Company closed at Rs 1116.1, exceeding its 50-day SMA of 1110.92 on August 30.
6. Ultratech Cement
Ultratech Cement achieved a closing price of Rs 8265.95, surpassing its 50-day SMA of 8233.45 on August 30.
(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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