Synopsis:
MACD bearish stocks are identified when the MACD (Moving Average Convergence Divergence) line crosses below the signal line, indicating weakening momentum and a potential downward trend in the stock’s price.
MACD Bearish occurs when the MACD line, calculated as the difference between the 12-day and 26-day exponential moving averages (EMAs), crosses below the signal line, indicating weakening momentum and a potential downtrend in a stock’s price. Traders use this signal to anticipate declines and manage risk.
Shree Cement Ltd
Shree Cements Ltd is one of India’s leading cement manufacturers, known for its strong operational efficiency and focus on sustainability. The company produces and sells cement and clinker under brands like Shree Ultra, Bangur, and Rockstrong.
With market capitalization of Rs. 1,04,454 cr, the shares of Shree Cement Ltd are closed at Rs. 28,900 per share, from its previous close of Rs. 28,880.60 per share.
Wipro Ltd
Wipro is a major Indian IT services and consulting company, offering a broad range of technology solutions like digital strategy, cloud services, and business process outsourcing. It has a strong global presence and is known for driving innovation across industries.
With market capitalization of Rs. 2,53,039 cr, the shares of Wipro Ltd are closed at Rs. 241.36 per share, from its previous close of Rs. 241.24 per share.
FSN E-Commerce Ventures Ltd
This company is best known for operating Nykaa, a leading digital-first beauty and wellness retailer in India. It combines e-commerce with experiential retail through its online platform and physical stores, focusing on beauty, personal care, and fashion.
With market capitalization of Rs. 73,495 cr, the shares of FSN E-Commerce Ventures Ltd are closed at Rs. 256.86 per share, from its previous close of Rs. 257.48 per share.
Muthoot Finance Ltd
Muthoot Finance is one of India’s largest non-banking financial companies (NBFCs), especially known for its gold loan business. It provides secured loans against gold jewellery and also offers other financial services like microfinance and money transfer.
With market capitalization of Rs. 1,31,469 cr, the shares of Muthoot Finance Ltd are closed at Rs. 3,273.90 per share, from its previous close of Rs. 3,320.30 per share.
Alkem Laboratories Ltd
Alkem is a pharmaceutical company engaged in developing, manufacturing, and marketing a wide range of branded and generic drugs. Its product portfolio includes antibiotics, dermatology, pain management, and vitamins, with a strong presence in both Indian and international markets.
With market capitalization of Rs. 66,329 cr, the shares of Alkem Laboratories Ltd are closed at Rs. 5,523 per share, from its previous close of Rs. 5,557 per share.
Written by Manideep Appana
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