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In the NSE list of stocks with a market cap over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on April 25, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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News and Media
IDFC First Bank's shares are under scrutiny following a 58% YoY drop in Q4 net profit, attributed to a decline in its microfinance loan portfolio. Despite this, NII increased by 9.8% YoY, and customer deposits saw a 25.2% rise. Nuvama maintains a 'Hold' rating, anticipating improved RoA in coming years, though the stock's valuation is considered fair.
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News and Media
Amid geopolitical tensions and market volatility, Nifty faces resistance while Bank Nifty shows signs of exhaustion after hitting a high. IT stocks, particularly TCS, Coforge, and Intellect, display recovery potential. Analysts suggest caution with longs, favoring large caps and providing trading ideas for CONCOR, TCS, and Bandhan Bank.
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News and Media
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