Ambuja Cements, Dabur India among 5 stocks that crossed 200-Day SMA

The stock market witnessed a noteworthy resurgence on October 3 as several major stocks made a remarkable move by crossing their 200-day Simple Moving Averages (SMA). These technical achievements often indicate potential opportunities for investors seeking stable and established companies.

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

1. Fine Organic Industries
Fine Organic Industries Limited is a leading player in the specialty chemicals industry, known for its innovative solutions in the food, polymer, and pharmaceutical sectors. On October 3, its stock comfortably exceeded the 200-day SMA, closing at Rs 4865.1, significantly higher than the 200-day SMA of Rs 4809.01.

2. Ambuja Cements
Ambuja Cements Limited is a renowned name in the cement manufacturing sector. Its stock performed well above the 200-day SMA of Rs 429.57 with a closing price of Rs 432.2 on October 3.

3. Pfizer
Pfizer Limited is a global pharmaceutical giant known for its contributions to healthcare and innovative medicines. Its stock crossed the 200-day SMA of Rs 3890.05 with a closing price of Rs 3912.9 on October 3.

4. Rallis India
Rallis India Limited is a leading player in the agrochemical industry, offering sustainable agricultural solutions. The closing price was Rs 212.3, while the 200-day SMA was Rs 211.57.

5. Dabur India
Dabur India Limited is a well-established name in the consumer goods and healthcare sector, known for its Ayurvedic products. Its stock closely tracked the 200-day SMA, indicating sustained interest in the consumer goods and healthcare industry. The closing price was Rs 553.6, and the 200-day SMA stood at Rs 552.15.

(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)