The 200-day moving average (200-DMA) shows a stock’s average price over the past 200 days. If a stock is above the 200-DMA, it’s in an uptrend; if below, it’s in a downtrend. This level also acts as support or resistance, helping traders decide when to buy or sell. In this article, we’ll look at stocks that are moving above their 200-DMA, which could mean they are gaining strength.
With a market capitalization of Rs. 3,38,259 crores, the shares of Ultratech Cement Limited closed at Rs. 11,500, up 1.6 percent from its 200 DMA support of Rs. 11,315.96.
UltraTech Cement Ltd. is India’s leading cement manufacturer. It produces clinker, cement, wall care putty, ready-mix concrete, and dry mix mortars. The company also offers waterproofing solutions, concrete blocks, and building materials through its UltraTech Home Expert Stores. Additionally, it generates renewable energy and provides home loans and technical construction services.
With a market capitalization of Rs. 14,217 crores, the shares of Rainbow Children’s Medicare Limited closed at at Rs. 1,405, up 2 percent from its 200 DMA support of Rs. 1,382.69.
Rainbow Children’s Medicare Limited was incorporated in 1998 and is based in Hyderabad, India. It operates a multi-specialty paediatric and obstetrics, and gynaecology hospital chain in India. The company provides numerous medical and healthcare services for women and children.
With a market capitalization of Rs. 1,10,203 crores, the shares of Torrent Pharmaceuticals Limited closed at Rs. 3,309.65, up 1.6 percent from its 200 DMA support of Rs. 3,231.52.
Torrent Pharmaceuticals Ltd. is a global pharmaceutical company specializing in generic formulations across therapeutic areas like cardiovascular, neurology, gastroenterology, dermatology, diabetology, oncology, and women’s healthcare. It also offers contract manufacturing services.
Written by Satyajeet Mukherjee
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