In the BSE list of stocks, five stocks with a market cap of over Rs 100 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 November 15. Take a look:
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase