In the NSE list of stocks, five stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on May 25.
NSE board approves 4:1 bonus issue, dividend of Rs 90 per share
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as to decrease its stock price