JK Paper, Siemens among 4 stocks which crossed 100-day SMA

In the dynamic realm of stock markets, tracking moving averages is a crucial tool for discerning trends and potential market shifts. On August 16, 2023, several prominent companies achieved a notable feat by crossing their 100 Simple Moving Average (SMA). Let's delve deeper into the performance of these companies and gain insights into their recent accomplishments. (Data Source: StockEdge)

1. JK Paper
Closing at Rs 352.35 on August 16, 2023, JK Paper, a reputable paper manufacturing company, exceeded its 100 SMA of Rs 345.48.

2. Birla Corporation
Birla Corporation closed at Rs 1091.75, surpassing its 100 SMA of Rs 1087.92 on August 16.

3. Rashtriya Chemicals and Fertilizers
Rashtriya Chemicals and Fertilizers (RCF), a key player in the fertilizer and chemical sector, closed at Rs 107.9, slightly above its 100 SMA of Rs 107.78.

4. Siemens
Siemens, a global engineering and technology powerhouse, closed at Rs 3607.35, surpassing its 100 SMA of Rs 3604.54.

(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)