PVR Inox, Laurus Labs among 5 stocks which 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 1st August 2023. Companies like attanIndia Enterprises, PVR Inox, Laurus Labs, Tamilnad Mercantile Bank, and MAS Financial Services showcasing strong performance in their respective sectors.

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

1. RattanIndia Enterprises

RattanIndia Enterprises, a diversified conglomerate, showcased a positive trend by crossing its 200-day SMA at Rs 42.12, and its closing price on August 2 was Rs 43.5.

2. PVR Inox
PVR Inox, a leading entertainment company in India, displayed robust market momentum as it surpassed its 200-day SMA at Rs 1597.63, with a closing price of Rs 1609.15 on August 2. The company operates a chain of cinemas and is a key player in the film exhibition industry.

3. Laurus Labs
Laurus Labs, a pharmaceutical company known for its focus on research and development, exceeded its 200-day SMA at Rs 362.69, with a closing price of Rs 364.6 on August 2.

4. Tamilnad Mercantile Bank
Tamilnad Mercantile Bank, a private sector bank based in Tamil Nadu, crossed its 200-day SMA at Rs 454, and its closing price on August 2 stood at Rs 455.6.

5. MAS Financial Services
MAS Financial Services, a non-banking financial company (NBFC), demonstrated strong market momentum by surpassing its 200-day SMA at Rs 790.47, with a closing price of Rs 790.75 on August 2.

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