In the Nifty 200 pack, seven stocks closed below their 200 DMA (Daily Moving Average) on March 9, according to StockEdge’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that a stock’s price is below its long-term trend line. The 200 DMA is widely used by traders as a key indicator to determine the overall trend in a particular stock. Take a look:
Laurus Labs Q4 Results: Cons PAT increased 19% to Rs 279 crore, revenue rises 5%
Laurus Labs reported a 19% year-on-year jump in net profit to Rs 279 crore for the March quarter, with revenue rising 5% to Rs 1,812