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Corporate earnings, after four consecutive years of healthy double-digit growth, are moderating due to pressures from commodities and fading tailwinds from BFSI asset quality improvements.
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United Heat Transfer shares started trading on the NSE SME platform at a 3.3% premium, listing at Rs 60.95 compared to the issue price of Rs 59. Proceeds from the public offer will be utilized for loan repayment, working capital, and corporate purposes.
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In the NSE large-cap pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 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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