Technical Breakout: Pidilite Industries, Mahindra Logistics among 5 stocks which crossed 100-day SMA

The crossing of the 100-day SMA by these companies reflects their resilience and potential for future growth, making them noteworthy contenders in the stock market landscape. Among the noteworthy achievers were GMM Pfaudler, Laxmi Organic Industries, Rain Industries, Mahindra Logistics, and Pidilite Industries, demonstrating resilience and optimism within the stock market on this day.

Let's explore the performance of these stocks. (Data Source: StockEdge)

1. GMM Pfaudler
GMM Pfaudler, a prominent player in the chemical equipment manufacturing industry, exceeded its 100 SMA, closing at Rs 1590.1 on August 11.

2. Laxmi Organic Industries
Laxmi Organic Industries, a significant name in the chemicals industry, surpassed its 100 SMA, closing at Rs 262.95 on August 11.

3. Rain Industries
Rain Industries, known for its presence in the chemicals and cement sectors, successfully achieved a 100 SMA of Rs 159.04, closing at Rs 160.3 on August 11.

4. Mahindra Logistics
Mahindra Logistics, a key player in the logistics and supply chain solutions sector, surpassed its 100 SMA, closing at Rs 372.55 on August 11.

5. Pidilite Industries
Pidilite Industries, a leading manufacturer of adhesive and construction chemicals, surpassed its 100 SMA, closing at Rs 2544.65 on August 11.

(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)