Honeywell Automation, 5 other large & midcap stocks cross 200-Day SMA

The stock market exhibited signs of strength and resilience on September 29 as several large and midcap stocks crossed their 200-day Simple Moving Averages (SMA). This milestone often indicates a positive shift in market sentiment and investor confidence in these companies.

Let's explore the performance of these stocks.

1. Grindwell Norton
Grindwell Norton Limited is a leading manufacturer of abrasive products, ceramics, and silicon carbide. Its stock comfortably surpassed the 200-day SMA of 2028.74, closing at Rs 2078.65 on September 29.


2. Honeywell Automation India
Honeywell Automation India Limited is a technology company specializing in automation and control solutions. With its stock exceeding the 200-day SMA of 39419.34, and closing at Rs 39853.75 on September 29.

3. PI Industries
PI Industries Limited is a renowned agrochemical and specialty chemical manufacturer. Its stock comfortably surpassed the 200-day SMA of 3415.76, closing at Rs 3453 on September 29.

4. Hindustan Petroleum Corporation
Hindustan Petroleum Corporation Limited is a major player in the oil and gas industry. Its stock comfortably surpassed the 200-day SMA of 253.05, closing at Rs 254.95 on September 29.

5. Bharat Dynamics
Bharat Dynamics Limited is a key player in defence and aerospace technology. Its stock comfortably surpassed the 200-day SMA of 1027.5, closing at Rs 1031.3 on September 29.

6. Indraprastha Gas
Indraprastha Gas Limited is a leading provider of natural gas and related services. Its stock comfortably surpassed the 200-day SMA of 454.74, closing at Rs 454.85 on September 29.

(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)