Ashok Leyland, Motherson Sumi Wiring among 8 midcap stocks that cross 20-day SMA

In the ever-evolving landscape of stock markets, investors closely watch key indicators to make informed investment decisions. The Simple Moving Average (SMA), particularly the 20-day SMA, is a critical tool that provides insights into a stock's short-term performance. On Thursday, October 19, several midcap stocks in the Indian market showcased significant movements by surpassing their 20-day SMA, indicating potential changes in their stock trends.

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

1. Persistent Systems Limited (NSE: PERSISTENT)
20-Day SMA: 5767.47 | Closing Price: 5848.95

2. Motherson Sumi Wiring
20-Day SMA: 63.03 | Closing Price: 63.85

3. Vedant Fashions
20-Day SMA: 1306.02 | Closing Price: 1319.25

4. Star Health and Allied Insurance Company
20-Day SMA: 591.74 | Closing Price: 594.95

5. Ashok Leyland
20-Day SMA: 176.13 | Closing Price: 176.8

6. The Indian Hotels Company
20-Day SMA: 413.16 | Closing Price: 414

7. UNO Minda
20-Day SMA: 598.33 | Closing Price: 599.1

8. Poonawalla Fincorp
20-Day SMA: 377.5 | Closing Price: 377.65

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(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)