In the NSE list of stocks with a market cap of over Rs 10,000 crore, eight stocks crossed above their 200 DMA (Daily Moving Averages) on May 25, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Nestle India shares drop over 5% to record worst day in 3 years. Here’s why
Nestle India’s shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in