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In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 28, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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Dr Agarwal's Healthcare IPO is now open for subscription, with a price range of Rs 382-402 per share. Despite a significant OFS component and rich pricing, analysts recommend investing for the long term. The company commands a 25% market share in India's eye care service market, benefiting from industry growth projections.
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Several key companies, including Maruti Suzuki, Bajaj Finance, and Tata Motors, are set to release their third-quarter earnings. Maruti's volumes and selling price increases are expected to drive strong revenue growth, while Tata Motors may see marginal revenue growth, supported by JLR and India PV divisions.
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