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In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 12, 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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News and Media
LK Mehta Polymers will launch its SME IPO on February 13, targeting to raise about Rs 7 crore through 10.4 lakh shares. Priced at Rs 71 per share with a GMP of Rs 10, the proceeds aim to meet working capital needs and general corporate purposes.
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News and Media
About 460 companies are set to announce their Q3 earnings, including Hindalco and SJVN. Hindalco is expected to show robust growth, with a 62% YoY profit increase and an 11% revenue rise due to higher aluminium and alumina prices. Novelis may struggle with lower EBITDA due to tight scrap availability and flooding impacts at its Swiss plant.
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