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As many as 24 stocks hit their 52-week lows today. BSE stocks such as HDFC Bank, Hindustan Unilever, Orient Electric, VIP Industries and Zee Entertainment touched their respective one-year low levels. That said, 456 stocks touched their one-year high levels today.
In the Nifty pack, 23 stocks were trading in the green, while 27 stocks were trading in the red.
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Q3 Result Preview: Consumer Durable producers to see a mixed bag performance amidst weak demand. Air-conditioner manufacturers to see volume growth led by inventory stocking ahead of peak season. Stable raw material prices to remains supportive for margins for all.
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.