Infosys, Mphasis, and 5 other stocks rise above 100-day SMA

The stock market's dynamics are always subject to change, and crossing the 100-day Simple Moving Average is an important technical indicator for investors. On July 13, 2023, companies like Infosys, Mphasis, and others demonstrated their strength by surpassing this milestone.

Let's delve into their recent accomplishments. The data has been sourced from StockEdge. Today's data on 100-SMA will be updated on StockEdge after market hours.

1. Infosys

Infosys, a leading global provider of consulting, technology, and outsourcing services, showcased a strong performance on July 13, 2023, with its stock price reaching Rs. 1365.1, crossing the 100 SMA of Rs. 1352.64.

2. Mphasis
Mphasis, an IT services company specializing in application development, infrastructure management, and business process outsourcing, witnessed a significant surge in its stock price. On July 13, 2023, Mphasis crossed the 100 SMA of Rs. 1905.19, closing at Rs. 1922.2.

3. Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail's stock price came close to surpassing its 100 SMA, closing at Rs. 216.6, just above the 100 SMA of Rs. 215.99 on July 13, 2023.

4. Triveni Engineering & Industries
Triveni Engineering & Industries continued its steady performance above the 100 SMA, closing at Rs. 278.65, slightly above the 100 SMA of Rs. 278.07.

5. Oil India
Oil India, a major player in the Indian oil and gas industry, sustained its momentum above the 100 SMA of Rs. 255.46, closing at Rs. 255.7 on July 13, 2023.

6. MAS Financial Services
MAS Financial Services maintained its position above the 100 SMA of Rs. 761.04, closing at Rs. 761.65 on July 13, 2023. MAS Financial Services is a non-banking financial company (NBFC).

7. Meghmani Finechem
Meghmani Finechem showcased a strong upward trend, closing at Rs. 994.95, comfortably crossing the 100 SMA of Rs. 994.65 on July 13, 2023. Meghmani Finechem is a leading manufacturer of chemicals and pigments, catering to various industries such as textiles, plastics, and agriculture.

(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)