Among NSE stocks, having a market cap of over Rs 1000 crore, seven counters are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on September 26. Take a look:
Bank of Maharashtra Q4 Results: Profit surges 45% YoY to Rs 1,218 crore
State-owned Bank of Maharashtra (BoM) on Friday reported a 45 per cent jump in its net profit to Rs 1,218 crore for the March quarter,