Technical Breakthrough: TCS, HDFC Bank among 8 stocks that have crossed 50-day SMA

Stock market witnessed several significant stocks crossing their 50-day Simple Moving Average (SMA) on Thursday, July 13, 2023, indicating a potential shift in short-term momentum. In this article, we will explore the performance of Finolex Cables, Tata Consultancy Services (TCS), KIOCL, Triveni Turbine, Thermax, Aptus Value Housing Finance India, L&T Technology Services, and HDFC Bank.

Let's delve into their recent accomplishments. The data has been sourced from StockEdge. Today's data on 50-SMA will be updated on StockEdge after market hours.

1. Finolex Cables

Finolex Cables, a leading manufacturer of electrical and telecommunication cables, exhibited robust performance on July 13, 2023, with its stock price reaching Rs 865, surpassing the 50 SMA of Rs 841.64.

2. Tata Consultancy Services
TCS, a global IT services and consulting company, demonstrated strength by crossing the 50 SMA on July 13, 2023. With its stock price at Rs. 3340.55, TCS surpassed the 50 SMA of Rs 3263.58.

3. KIOCL
KIOCL, a mining and exploration company specializing in iron ore, showcased positive momentum by crossing the 50 SMA on July 13, 2023. With its stock price at Rs. 194.95, KIOCL surpassed the 50 SMA of Rs 190.8.

4. Triveni Turbine
Triveni Turbine, a leading manufacturer of steam turbines and related services, demonstrated a positive trend by crossing the 50 SMA on July 13, 2023. With its stock price at Rs 402.25, Triveni Turbine surpassed the 50 SMA of Rs. 397.74.

5. Thermax
Thermax, a prominent energy and environment solutions provider, showcased an upward movement by crossing the 50 SMA on July 13, 2023. With its stock price at Rs. 2335.15, Thermax surpassed the 50 SMA of Rs 2311.7.

6. Aptus Value Housing Finance
Aptus Value Housing Finance India displayed a steady performance above the 50 SMA on July 13, 2023, with its stock price at Rs. 262.55.

7. L&T Technology Services
L&T Technology Services sustained its positive momentum by staying above the 50 SMA on July 13, 2023. With its stock price at Rs. 3884.7, the company surpassed the 50 SMA of Rs 3871.06.

8. HDFC Bank
HDFC Bank, one of India's largest private sector banks, maintained its position above the 50 SMA on July 13, 2023. With its stock price at Rs. 1641.1, HDFC Bank showcased stability above the 50 SMA of Rs 1638.91.

(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)