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In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 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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Jubilant FoodWorks CEO Sameer Khetarpal discusses the company's growth strategy, including expanding from 465 to 700 cities and increasing store count. By avoiding price hikes for 10 quarters, Dominos increased market share. Focus on fast delivery, better consumer value, and strong same-store growth aim to enhance returns. Future plans include aggressive store expansion and scaling brands like Popeyes and Coffy.
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Shares of Paytm's parent company, One 97 Communications (OCL), are likely to be in focus after the Enforcement Directorate issued a show cause notice for alleged foreign exchange rule violations amounting to Rs 611 crore. The violations reportedly relate to investments in OCL and its subsidiaries, Little Internet and Nearbuy India. Paytm is seeking legal advice to resolve the issue.
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