Business

Golden Crossovers: Bajaj Finserv & one other stock likely to see further upside

By Dan Neff

In the Nifty500 pack, two stocks witnessed Golden Crossovers on Monday, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs on September 19. Take a look:

Bajaj Finserv
CMP: Rs 1765.95| 50-Day SMA: Rs 1519.1 | 200-Day SMA: Rs 1515.02

Bajaj FinservETMarkets.com

Here are the key strong points of the stock according to Trendlyne.com SWOT analysis

  • Growth in quarterly net profit with increasing profit margin (YoY)
  • Annual net profits improving for last 2 years
  • Book value per share improving for last 2 years
  • Recent Results: Growth in operating profit with increase in operating margins (YoY)
  • Strong Momentum: Price above short, medium and long term moving averages
  • MFs increased their shareholding last quarter



CMP: Rs 136.85| 50-Day SMA: Rs 121.49| 200-Day SMA: Rs 121.3

Prisim CementETMarkets.com

Here are the key strong points of the stock according to Trendlyne.com SWOT analysis

  • MACD crossover above signal line
  • Book value per share improving for last 2 years
  • Company with zero promoter pledge
  • FII/FPI or institutions increasing their shareholding
  • Strong Momentum: Price above short, medium and long term moving averages
  • MACD crossed above signal line previous end of day

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Dan Neff