The following six stocks have surpassed their 100-day simple moving average (SMA) on November 2, 2023, indicating a bullish trend:
- Sun Pharma
- Coforge
- Divi’s Laboratories
- Infosys
- Larsen & Toubro
- SBI Cards
Sun Pharma is a leading Indian pharmaceutical company with a diversified product portfolio. The company has a strong presence in both the domestic and international markets. Sun Pharma’s stock has been on an upward trend in recent months, and it has surpassed its 100-day SMA by 5%.
Coforge is a global digital engineering and IT services company. The company provides a range of services, including application development, infrastructure management, and business process automation. Coforge’s stock has also been on an upward trend in recent months, and it has surpassed its 100-day SMA by 3%.
Divi’s Laboratories is a leading Indian pharmaceutical company with a focus on active pharmaceutical ingredients (APIs). The company is a major supplier of APIs to global pharmaceutical companies. Divi’s Laboratories’ stock has also been on an upward trend in recent months, and it has surpassed its 100-day SMA by 4%.
Infosys is a leading Indian IT services company. The company provides a range of services, including application development, infrastructure management, and business process automation. Infosys is one of the largest IT companies in India, and its stock is widely followed by investors. Infosys’ stock has surpassed its 100-day SMA by 2%.
Larsen & Toubro is a leading Indian engineering and construction company. The company has a diversified business portfolio that includes infrastructure, power, and manufacturing. Larsen & Toubro is one of the largest companies in India, and its stock is widely followed by investors. Larsen & Toubro’s stock has surpassed its 100-day SMA by 1%.
SBI Cards is a leading Indian credit card company. The company is a joint venture between State Bank of India and GE Capital. SBI Cards is one of the largest credit card companies in India, and its stock is widely followed by investors. SBI Cards’ stock has surpassed its 100-day SMA by 2%.
The fact that these six stocks have surpassed their 100-day SMAs is a bullish signal. It indicates that these stocks are in an upward trend, and that investors are confident in their future prospects. Investors should keep an eye on these stocks in the coming days and weeks to see if they continue to move higher.