Delhivery, MRF, 7 other mid cap stocks cross 20-Day SMA

The achievement of surpassing the 20-day SMA is a notable technical milestone for stocks, often indicating short-term positive trends. Investors and traders closely follow such developments as they make decisions in the dynamic stock market. However, it's essential to conduct thorough research and consider various factors before making investment decisions. Let's explore the performance of these stocks. (Data Source: StockEdge)

1. Alkem Laboratories
Alkem Laboratories Limited demonstrated its strength by not only surpassing its 20-day SMA of 3,696.06 but also closing at Rs 3,744.75 on September 13.


2. Zydus Lifesciences
Zydus Lifesciences Limited showcased impressive momentum by surpassing its 20-day SMA of 634.90 and closing at Rs 643.25 on September 13.

3. NHPC
NHPC Limited surged ahead, surpassing its 20-day SMA of 51.24 and closing at Rs 51.90 on September 13.

4. Union Bank Of India
Union Bank Of India demonstrated its resilience by surpassing its 20-day SMA of 89.60 and closing at Rs 90.50 on September 13.

5. Bandhan Bank
Bandhan Bank Limited achieved a significant milestone by crossing its 20-day SMA of 234.76 and closing at Rs 236.60 on September 13.

6. Indian Bank
Indian Bank surged ahead, surpassing its 20-Day SMA of 394.46 and closing at Rs 397.50 on September 13.

7. Delhivery
Delhivery exhibited impressive momentum by surpassing its 20-day SMA of 426.92 and closing at Rs 430.15 on September 13.
8. MRF
MRF Limited, a leading manufacturer of tires in India, displayed remarkable momentum by surpassing its 20-day SMA of 108,510.56 and closing at Rs 109,058.60 on September 13.

9. UNO Minda
UNO Minda Limited demonstrated its strength by surpassing its 20-day SMA of 617.86 and closing at Rs 618.65 on September 13.

(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)