The 200-day moving average (200 DMA) is a widely used technical indicator in financial markets. It is calculated by taking the average closing prices of a security over the past 200 days. One of the primary reasons the 200-day moving average is popular is its ability to act as a support or resistance level.
When a stock’s price is below the 200 DMA, it is often considered to be in a bearish phase. However, it could also present a buying opportunity if the stock shows signs of reversal or if it is oversold.
The stocks to watch out for are listed below:
Dr Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories Ltd. is an integrated global pharmaceutical company headquartered in Hyderabad, India, with a mission to provide affordable and innovative medicines. It offers a wide range of products, including active pharmaceutical ingredients (APIs), generics, and branded generics, and focuses on therapeutic areas such as gastrointestinal, cardiovascular, oncology, and dermatology.
With a market capitalization of Rs. 1,00,328.40 crores on Thursday, the stock closed at Rs. 1202.15 per share, which is below its 200-day moving average of Rs. 1235.89 in a day’s time frame. The stock is currently down by 2.6 percent from its 200-day moving average.
Indian Railway Catering & Tourism Corporation Ltd
Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is an Indian public sector undertaking that provides online ticketing, catering, and tourism services for Indian Railways. Its services aim to professionalize and upgrade the hospitality and tourism aspects of rail travel in India, including managing on-board catering and operating food plazas at stations.
With a market capitalization of Rs. 58,396.00 crores on Thursday, the stock closed at Rs. 729.95 per share, which is below its 200-day moving average of Rs. 743.09 in a day’s time frame. The stock is currently down by 2.05 percent from its 200-day moving average.
ABB India Ltd
ABB India Ltd is a technology leader in electrification and automation, serving industries in India with products, solutions, and services. It is a subsidiary of the global ABB Ltd, with a history in India dating back over a century, and its purpose is to enable a more sustainable and resource-efficient future by connecting engineering and digital expertise.
With a market capitalization of Rs. 1,11,637.57 crores on Thursday, the stock closed at Rs. 5268.20 per share, which is below its 200-day moving average of Rs. 5,523.30 in a day’s time frame. The stock is currently down by 4.5 percent from its 200-day moving average.
Indian Hotels Company Ltd
The Indian Hotels Company Limited (IHCL) is South Asia’s largest hospitality company, with over 120 years of history and a portfolio of over 550 hotels across four continents. Its flagship property is the Taj Mahal Palace in Mumbai. The company operates a range of brands across different segments, including the luxury brand Taj, SeleQtions, Vivanta, Gateway, and the lean luxe brand Ginger.
With a market capitalization of Rs. 1,06,721.83 crores on Thursday, the stock closed at Rs. 749.75 per share, which is below its 200-day moving average of Rs. 765.57 in a day’s time frame. The stock is currently down by 2.10 percent from its 200-day moving average.
Havells India Ltd
Havells Limited is a leading Indian fast-moving electrical goods (FMEG) and power distribution equipment company with a global presence. It manufactures a wide range of products for residential, commercial, and industrial use, including switchgear, cables, fans, home appliances, and lighting. The company operates under several brands, including Havells, Lloyd, and Standard Electricals.
With a market capitalization of Rs. 94,592.14 crores on Thursday, the stock closed at Rs. 1508.15 per share, which is below its 200-day moving average of Rs. 1,536.86 in a day’s time frame. The stock is currently down by 2 percent from its 200-day moving average.
Written by Sridhar J
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