Atul, Sumitomo Chemical among 4 stocks that surpassed 50-day SMA

In a strong display of market momentum on Friday, July 21, 2023, certain stocks outshined their peers by crossing their 50 Simple Moving Averages (SMA). Among the notable gainers were Atul and Solar Industries India, showcasing impressive upward moves in their stock prices. Let's delve into their recent accomplishments. (Data Source: StockEdge)

1. Atul
Atul, with its stock crossing the 50 SMA at Rs. 6808.43 and closing at Rs. 7014.15 on July 21, 2023, is a dominant player in the chemical industry.

2. Solar Industries India
Solar Industries India, with its stock crossing the 50 SMA at Rs. 3767.42 and closing at Rs. 3775.95 on July 21, 2023, is a leading name in the explosives and defence industry. The company specializes in manufacturing and providing innovative explosive solutions for mining, defence, and infrastructure projects.

3. The New India Assurance Company
The New India Assurance Company, with its stock crossing the 50 SMA at Rs. 118.37 and closing at Rs. 118.95 on July 21, 2023, offers comprehensive insurance products and services.

4. Sumitomo Chemical India
Sumitomo Chemical India, with its stock crossing the 50 SMA at Rs. 413.84 and closing at Rs. 414.1 on July 21, 2023, is a leading provider of sustainable chemical solutions.

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