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Breakout: 3 Stocks Surpass 200 DMA, Potential Upside?

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On October 16, 2024, several widely tracked stocks displayed diverse price fluctuations. The Indian Railway Finance Corporation’s share price concluded at 150.76, reflecting a decline of 0.35 points or 0.23%. Suzlon Energy experienced an increase, with its stock rising by 1.35 points or 1.82% to close at 75.05.

The Indian Renewable Energy Development Agency’s shares dropped by 1.57 points or 0.71%, closing at 221.11. Tata Motors witnessed a fall of 9.85 points, equating to a 1.08% decrease, ending at 907.45. YES Bank’s share value slightly diminished by 0.06 points or 0.24%, closing at 21.15.

In contrast, HDFC Bank’s stock climbed by 15.71 points or 0.94%, resulting in a closing price of 1699.8. NHPC saw a decline of 2.03 points or 2.25%, closing at 87.99. Rail Vikas Nigam Limited (RVNL) shares increased by 5.41 points or 1.14%, ending the day at 479.6.

State Bank of India (SBI) experienced a modest increase of 0.81 points or 0.1%, closing at 805.45. Tata Power’s stock decreased by 3.06 points or 0.66%, closing at 460.45. Tata Steel’s share price fell slightly by 0.39 points or 0.26%, ending at 155.24.

Adani Power witnessed a decline of 8.11 points or 1.28%, closing at 625.8. PayTM’s shares dropped by 7.8 points or 1.07%, finishing at 721.95. Punjab National Bank (PNB) saw a slight increase of 0.07 points or 0.07%, resulting in a closing price of 105.05.

Zomato’s stock fell by 5.31 points or 1.9%, closing at 274.25. Bharat Electronics Limited (BEL) experienced a decrease of 3.16 points or 1.1%, closing at 285.7. Bharat Heavy Electricals Limited (BHEL) saw its share price fall by 2.0 points or 0.74%, ending at 269.6.

Infosys recorded a significant drop, with shares falling by 39.21 points or 2.01% to close at 1920.1. Indian Railway Catering and Tourism Corporation (IRCTC) experienced a decline of 2.7 points or 0.31%, finishing at 892.6. ITC shares fell by 5.36 points or 1.08%, closing at 493.2.

Jio Financial Services’ value decreased by 3.11 points or 0.93%, resulting in a closing price of 333.65. Life Insurance Corporation (LIC) saw a decline of 4.9 points or 0.52%, finishing at 942.95. Reliance Industries Limited (RIL) had an increase of 20.1 points or 0.75%, closing at 2708.15.

Hindustan Aeronautics Limited (HAL) shares surged by 80.86 points or 1.77%, closing at 4656.25. Jaiprakash Power Ventures Limited (JP Power) saw a decline of 0.25 points or 1.13%, ending at 21.15.

NBCC observed a slight rise of 0.11 points or 0.09%, closing at 112.76. Tata Consultancy Services (TCS) saw its share price fall by 21.86 points or 0.54%, ending at 4094.95. Vedanta’s value decreased by 3.16 points or 0.65%, closing at 486.7, while Wipro witnessed a minor dip of 0.81 points or 0.16%, finishing at 532.15.

Indian Oil Corporation (IOC) experienced a modest rise of 0.46 points or 0.28%, closing at 168.39. Ircon International’s share value increased by 1.44 points or 0.65%, closing at 223.51. SAIL’s stocks decreased by 1.03 points or 0.78%, ending at 129.92. SJVN witnessed a decline in its stock price by 1.55 points or 1.28%, closing at 119.77.

GAIL India’s value saw a rise of 0.64 points or 0.28%, closing at 231.86. HUDCO experienced a decrease of 1.06 points or 0.47%, closing at 223.56. REC’s shares increased by 4.81 points or 0.88%, ending at 552.1. Reliance Power’s share value decreased by 0.43 points or 0.97%, closing at 43.94.

Tata Technologies saw a rise of 21.0 points or 1.99%, resulting in a closing price of 1077.65. Vodafone Idea experienced an increase of 0.17 points or 1.87%, closing at 9.29. Adani Enterprises’ share price fell by 18.8 points or 0.61%, ending at 3085.9. Adani Green Energy’s stock decreased by 11.96 points or 0.68%, closing at 1751.05.

Adani Ports and Special Economic Zone (SEZ) experienced a drop of 16.5 points or 1.17%, closing at 1403.8. Ashok Leyland saw a decline of 1.94 points or 0.86%, closing at 224.36. Bank of Baroda observed a slight increase of 0.35 points or 0.14%, ending at 244.15.

The Bombay Stock Exchange (BSE) witnessed a significant decrease of 230.4 points or 4.85%, closing at 4521.85. Canara Bank’s shares fell marginally by 0.07 points or 0.06%, closing at 104.37. Central Depository Services Limited (CDSL) experienced a decline of 16.8 points or 1.06%, closing at 1569.7.

Coal India Limited saw a slight increase of 1.31 points or 0.27%, closing at 495.75. HFCL gained 2.95 points or 2.19%, closing at 137.85. However, IDFC First Bank experienced a decline of 0.52 points or 0.72%, ending the day at 72.22.

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