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In the Nifty200 pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 07, 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
Quadrant Future Tek IPO experienced a strong opening with full subscription within hours, driven by high demand in the retail and NII categories. Proceeds will support various financial needs. Positive market response is evident with a GMP of Rs 170, and analysts recommend subscription due to promising industry growth.
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News and Media
Leo Dry Fruits and Spices is set to debut on the BSE SME platform with an expected 31% premium over the IPO price, driven by strong grey market interest. The company's Rs 25-crore IPO was oversubscribed 180 times, and proceeds will fund working capital, marketing, and corporate purposes. Leo's diverse product range and significant revenue growth highlight its market potential.
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News and Media
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