Power Grid Corp, Ramco Cement and 8 other stocks cross 100-day SMA

The stock market showcased significant movements as several stocks rose above their 100-day Simple Moving Average (SMA) on August 28, a pivotal technical indicator. This accomplishment often signifies shifts in short-term trends and potential momentum shifts. Let's explore the performance of these stocks. (Data Source: StockEdge)

1. Power Grid Corporation of India
Power Grid Corporation Of India crossed its 100-day SMA of 242.55, closing at Rs 248.5 on August 28.

2. Fine Organic Industries
Fine Organic Industries achieved a closing price of Rs 4713.75, surpassing its 100-day SMA of 4611.37 on August 28.


3. Gujarat Narmada Valley Fertilizers & Chemicals
Gujarat Narmada Valley Fertilizers & Chemicals exceeded its 100-day SMA of 580.12, closing at Rs 589.95 on August 28.

4. The Ramco Cements
The Ramco Cements achieved a closing price of Rs 868.9, surpassing its 100-day SMA of 856.48 on August 28.

5. Privi Speciality Chemicals
Privi Speciality Chemicals crossed its 100-day SMA of 1092.72, closing at Rs 1108.5 on August 28.

6. Gujarat Alkalies and Chemicals
Gujarat Alkalies And Chemicals achieved a closing price of Rs 673.2, surpassing its 100-day SMA of 664.48 on August 28.

7. Steel Authority of India
Steel Authority Of India exceeded its 100-day SMA of 86.01, closing at Rs 86.95 on August 28.

8. Granules India
Granules India achieved a closing price of Rs 298.95, surpassing its 100-day SMA of 297.69 on August 28.

9. BASF India
BASF India slightly exceeded its 100-day SMA of 2515.51, closing at Rs 2517.65 on August 28.

10. PNC Infratech
PNC Infratech crossed its 100-day SMA of 321.57, closing at Rs 321.85 on August 28.

(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)