The 200-day moving average (200 DMA) is a key technical indicator used by traders and investors to assess the trend of a stock. It represents the average closing price over the past 200 days, helping to smooth out short-term price fluctuations.
A stock trading above its 200 DMA typically signals a bullish trend, as it indicates the price is outperforming its longer-term average. Stocks that are fundamentally strong and trading above the 200 DMA can offer attractive opportunities, suggesting both market momentum and solid underlying financial health.
Here are a few fundamentally strong stocks trading above the 200-day moving average (200 DMA)
1. HDFC Bank Limited
HDFC Bank Limited was established in 1994 and is India’s largest private sector bank. It offers comprehensive financial services, including personal, corporate, and investment banking. The bank operates over 9,143 branches and 21,049 ATMs across India and internationally, with a strong market presence and diverse subsidiaries
HDFC Bank Limited’s revenue and net profit have grown at a CAGR of 21.95 percent and 23.84 percent, respectively, over the last five years.
With a market capitalization of Rs. 13,50,999.74 crores on Wednesday, the stock closed at Rs. 1,765.50 per share, which is above its 200-day moving average of Rs. 1,708.20 in a day’s time frame. The stock is currently up by 3.31 percent from its 200-day moving average.
2. Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise Limited was established in 1983 by Dr. Prathap C. Reddy and is India’s largest private integrated healthcare provider. It operates 73 hospitals with over 10,000 beds, along with pharmacies, clinics, and telemedicine services, offering comprehensive healthcare solutions across South Asia and the Middle East.
Apollo Hospitals Enterprise Limited’s revenue and net profit have grown at a CAGR of 14.66 percent and 36.13 percent, respectively, over the last five years.
With a market capitalization of Rs. 98,348.71 crores on Wednesday, the stock closed at Rs. 6,840 per share, which is above its 200-day moving average of Rs. 6,777.28 in a day’s time frame. The stock is currently up by 0.76 percent from its 200-day moving average.
3. United Spirits Limited
United Spirits Limited was established in 1999 and is India’s leading alcoholic beverage company and a subsidiary of Diageo. It manufactures and distributes a wide range of spirits, including whisky, rum, vodka, and gin, under brands like McDowell’s No.1, Royal Challenge, and Johnnie Walker.
United Spirits Limited’s revenue and net profit have grown at a CAGR of 3.92 percent and 15.53 percent, respectively, over the last five years.
With a market capitalization of Rs. 1,05,625.89 crores on Wednesday, the stock closed at Rs. 1,452.20 per share, which is above its 200-day moving average of Rs. 1,451.60 in a day’s time frame. The stock is currently up by 0.59 percent from its 200-day moving average.
4. Hindustan Petroleum Corporation Limited (HPCL)
Hindustan Petroleum Corporation Limited was established in 1974, is a Maharatna Central Public Sector Enterprise specializing in crude oil refining, transportation, and marketing of petroleum products. It offers a range of products, including petrol, LPG, lubricants, and aviation fuel, operating across India with a significant presence in the energy sector.
Hindustan Petroleum Corporation Limited’s revenue and net profit have grown at a CAGR of 9.51 percent and 19.07 percent, respectively, over the last five years.
With a market capitalization of Rs. 80,729.59 crores on Wednesday, the stock closed at Rs. 379.40 per share, which is above its 200-day moving average of Rs. 374.84 in a day’s time frame. The stock is currently up by 2.05 percent from its 200-day moving average.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
