Tata Elxsi, SBI and 8 other stocks cross 100-day SMA

In the dynamic realm of stock markets, tracking moving averages is a crucial tool for discerning trends and potential market shifts. On August 17, 2023, several prominent companies achieved a notable feat by crossing their 100 Simple Moving Average (SMA). Let's delve deeper into the performance of these companies and gain insights into their recent accomplishments. (Data Source: StockEdge)

1. Crompton Greaves Consumer Electricals
Crompton Greaves Consumer Electricals surpassed its 100-day SMA, closing at Rs 290.45 on August 17.

2. Archean Chemical Industries
Archean Chemical Industries exceeded its 100-day SMA, closing at Rs 563.3 on August 17.


3. Havells India
Havells India, a leading name in electrical equipment and consumer goods, demonstrated robust momentum by crossing its 100-day SMA and closing at Rs 1296.3 on August 17.

4. Orient Electric
Orient Electric, a key player in the electrical appliances sector, surpassed its 100-day SMA, closing at Rs 239.45 on August 17.

5. Max Healthcare Institute
Max Healthcare Institute marked its presence by surpassing its 100-day SMA and closing at Rs 541.7 on August 17.

6. KNR Constructions
KNR Constructions demonstrated strong momentum by exceeding its 100-day SMA and closing at Rs 244.9 on August 17.

7. Timken India
Timken India continued its strong performance, surpassing its 100-day SMA and closing at Rs 3210.9 on August 17.

8. Cummins India
Cummins India, a major player in the power generation sector, surpassed its 100-day SMA and closed at Rs 1743.8 on August 17.

9. Tata Elxsi
Tata Elxsi, a significant name in technology and design services, crossed its 100-day SMA, closing at Rs 7080.2 on August 17.

10. State Bank Of India
State Bank Of India (SBI) showcased its resilience by surpassing its 100-day SMA and closing at Rs 572.15 on August 17.

(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)