Technical breakout: Tube Investments of India, 6 other stocks cross 100-day SMA

Crossing the 100-day SMA is a significant technical indicator for investors, signaling potential positive price trends for these stocks. Notable stocks that crossed their 100 SMA include Johnson Controls - Hitachi Air Conditioning India, Apcotex Industries, Monte Carlo Fashions, Rane Holdings, Aditya Birla Fashion and Retail, Tube Investments of India, Cummins India, and more. This feat underscores the strategic value these companies bring to investors' portfolios.

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

1. Johnson Controls - Hitachi Air Conditioning India
Johnson Controls - Hitachi Air Conditioning India displayed a strong performance by crossing its 100 SMA with a closing price of Rs 1145.95.

2. Apcotex Industries
Apcotex Industries, a leading manufacturer of synthetic latex products, showcased its market strength by surpassing its 100 SMA with a closing price of Rs 516.75.

3. Monte Carlo Fashions
Monte Carlo Fashions, a well-known fashion brand, crossed its 100 SMA with a closing price of Rs 759.25.

4. Rane Holdings
Rane Holdings, a key player in the automotive industry, demonstrated its market resilience by exceeding its 100 SMA with a closing price of Rs 982.85.

5. Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail surpassed its 100 SMA with a closing price of Rs 211.95.

6. Tube Investments of India
Tube Investments of India showcased its market strength by crossing its 100 SMA with a closing price of Rs 2868.5.

7. Cummins India
Cummins India demonstrated its market resilience by surpassing its 100 SMA with a closing price of Rs 1741.9.

(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)