Equitas SFB, Mankind Pharma, 8 other mid & small cap stocks surpass 50-day SMA

The stock market marked an exceptional day on August 31, 2023, as several stocks surged past their 50-day Simple Moving Averages (SMA). This achievement underlines the strength and growth potential of these companies. Let's explore the performance of these stocks. (Data Source: StockEdge)

1. Suprajit Engineering

Suprajit Engineering exhibited robust momentum by crossing its 50-day SMA on August 31, closing at Rs 423.1.


2. Sonata Software

Sonata Software demonstrated strong growth by surpassing its 50-day SMA on August 31, closing at Rs 1045.55.

3. Max Healthcare Institute

Max Healthcare Institute showcased impressive growth by exceeding its 50-day SMA on August 31, closing value of Rs 589.55.

4. Rainbow Children's Medicare

Rainbow Children's Medicare displayed promising momentum by crossing its 50-day SMA on August 31, closing at Rs 1059.45.

5. JK Lakshmi Cement

JK Lakshmi Cement achieved a noteworthy feat by surpassing its 50-day SMA on August 31, closing at Rs 674.05. The company is a leading cement manufacturer in India.

6. Equitas Small Finance Bank

Equitas Small Finance Bank demonstrated strong momentum by crossing its 50-day SMA on August 31, closing value of Rs 90.5.

7. Mankind Pharma

Mankind Pharma exhibited robust growth by surpassing its 50-day SMA on August 31, closing at Rs 1802.9.

8. V-Mart Retail

V-Mart Retail achieved a significant milestone by surpassing its 50-day SMA on August 31, closing at Rs 2229.4.

9. Indraprastha Gas

Indraprastha Gas demonstrated promising momentum by crossing its 50-day SMA on August 31, closing at Rs 467.7.

10. Orient Electric

Orient Electric showcased robust growth by surpassing its 50-day SMA on August 31, closing at Rs 238.9.

(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)