Five Indian firms surpass 50-day simple moving averages

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Five Indian firms surpass 50-day simple moving averages
Credit: © Reuters.

Five leading Indian companies; Sun Pharmaceutical Industries, Carborundum Universal (NS: CRBR ), Petronet LNG (NS: PLNG ), Britannia Industries (NS: BRIT ), and Astral, crossed their 50-day Simple Moving Averages (SMA) on Thursday, October 13, according to data reported by StockEdge.

Sun Pharmaceutical Industries, known for its high-quality medications, closed at a price of ₹1145.3, exceeding its SMA of ₹1134.04. Carborundum Universal, a manufacturer of various abrasives and ceramics, surpassed its SMA of 1161.96 with a closing price of ₹1167.85.

Petronet LNG, a significant player in India's energy sector responsible for the import and regasification of LNG, closed above its SMA of ₹230.19 at a price of ₹231.05. Britannia Industries, a household name in the food industry acclaimed for its products, crossed its SMA of ₹4559.38 with a closing rate of ₹4574.7.

Astral, recognized for innovation and superior piping products, also exceeded its SMA of ₹1936.19 with a closing price of ₹1937.15 (USD1 = INR83.261).

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