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In the case of midcap IT firm Coforge, mutual funds bought an additional 90 lakh shares worth Rs 4,900 crore in August. MFs owned 2.62 crore Coforge shares at the end of August against 1.72 crore shares at the end of July.
Crossing the 200-day SMA is a notable technical signal that can offer valuable insights to traders and investors.
In Q1 FY24, Nykaa reported an 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore. Net profit was Rs 5 crore in the year-ago period. Revenue from operations during the first quarter rose 24% to Rs 1,422 crore, as against Rs 1,148 crore in the same quarter of last year.
Four Adani Group firms have lost over 60 per cent, while Sensex has declined 2.7 %; experts say there are opportunities in small-caps
These large-cap stocks, having crossed their 100-day SMA on September 5, 2023, stand as robust performers in the stock market.