Eicher Motors, UltraTech Cement among 6 large cap stocks cross 50-day SMA

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. (Data Source: StockEdge)

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)