Stocks soar! United Breweries, Tube Investments of India among 10 stocks which crossed 20-day SMA

In the dynamic world of the stock market, traders and investors keep a close eye on technical indicators like the 20-day Simple Moving Average (SMA) to identify potential trends and opportunities. On Friday, July 21, 2023, some noteworthy stocks crossed above their 20 SMA, indicating potential bullish signals. Let's take a closer look at these companies and their recent stock movements. (Data Source: StockEdge)

1. Supreme Petrochem
Supreme Petrochem is a leading player in the Indian petrochemical industry, involved in the manufacturing and distribution of a wide range of plastic products. On July 21, 2023, the stock price closed at Rs 446.40, surpassing its 20-day SMA of Rs 440.34.

2. United Breweries
United Breweries, a prominent name in the alcoholic beverages sector, is known for its flagship beer brand, Kingfisher. On July 21, 2023, the stock closed at Rs 1521.70, crossing its 20-day SMA of Rs 1505.52.

3. Tube Investments of India
Tube Investments of India is a leading engineering conglomerate involved in manufacturing bicycles, steel tubes, and various engineering products. On July 21, 2023, the stock price closed at Rs 3219.35, above its 20-day SMA of Rs 3198.41.

4. Manappuram Finance
Manappuram Finance is a non-banking financial company (NBFC) that specializes in gold loans and other financial services. On July 21, 2023, the stock closed at Rs 129.05, surpassing its 20-day SMA of Rs 128.25.

5. Emami
Emami is a well-known FMCG company that offers a diverse range of products, including skincare, healthcare, and personal care items. On July 21, 2023, the stock price closed at Rs 420.65, crossing its 20-day SMA of Rs 419.39.

6. Amber Enterprises India
Amber Enterprises India is a leading provider of air conditioning and ventilation solutions. On July 21, 2023, the stock price closed at Rs 2230.70, surpassing its 20-day SMA of Rs 2226.30.

7. Eureka Forbes
Eureka Forbes is a renowned consumer appliances company, known for manufacturing water purifiers, vacuum cleaners, and air purifiers. On July 21, 2023, the stock closed at Rs 533.30, crossing its 20-day SMA of Rs 532.67.

8. Sundaram Finance
Sundaram Finance is a leading non-banking financial institution that offers a wide range of financial services, including vehicle financing and mutual funds. On July 21, 2023, the stock price closed at Rs 2612.15, above its 20-day SMA of Rs 2609.55.

9. Schaeffler India
Schaeffler India is a prominent industrial and automotive supplier, manufacturing bearings and other precision components. On July 21, 2023, the stock closed at Rs 3092.45, surpassing its 20-day SMA of Rs 3091.28.

10. Procter & Gamble Health
Procter & Gamble Health is a renowned pharmaceutical company that specializes in healthcare and over-the-counter products. On July 21, 2023, the stock price closed at Rs 5158.95, crossing its 20-day SMA of Rs 5158.

(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)