Positive Breakout: SBI among 8 stocks that crossed 200-day SMA

The stock market continues to witness intriguing movements as some stocks have demonstrated remarkable growth by crossing their 200-day Simple Moving Average (SMA) on August 29. Companies like Nocil, Pidilite Industries, Indraprastha Gas, SRF, BASF India, Gujarat Alkalies and Chemicals, Container Corporation of India, and SBI showcasing strong performance in their respective sectors.

Let's explore the performance of these stocks. (Data Source: StockEdge)

1. Nocil

Nocil crossed its 200-day SMA of 221.99, closing at Rs 228.7 on August 29.

2. Pidilite Industries
Pidilite Industries exceeded its 200-day SMA of 2514.46, closing at Rs 2581.95 on August 29.

3. Indraprastha Gas
Indraprastha Gas crossed its 200-day SMA of 450.8, closing at Rs 462.65 on August 29.

4. SRF
SRF achieved a closing price of Rs 2374.35, surpassing its 200-day SMA of 2328.97 on August 29.

5. BASF India
BASF India slightly exceeded its 200-day SMA of 2526.41, closing at Rs 2570.35 on August 29.

6. Gujarat Alkalies and Chemicals
Gujarat Alkalies and Chemicals achieved a closing price of Rs 691.3, surpassing its 200-day SMA of 685.19 on August 29.

7. Container Corporation of India
Container Corporation of India crossed its 200-day SMA of 666.42, closing at Rs 669.95 on August 29.

8. State Bank of India
State Bank of India (SBI) exceeded its 200-day SMA of 573.98, closing at Rs 574.85 on August 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)