Stocks in focus on March 20: Dixon Technologies, BSE and CG Power cross their 200 DEMA levels on Wednesday

Indian markets continued their bullish momentum for the third consecutive day as benchmark indices closed 0.32% higher on Wednesday. The broader indices outperformed the benchmark indices by a wider margin as NIFTY Midcap 100 and NIFTY smallcap 100 rallied over 2.5% on Wednesday. The market breadth indicated a broader rally in stocks as 2,345 stocks closed in green against 568 in the red

Technically, NIFTY50 and SENSEX held the gains and closed above 20SMA levels for the second consecutive session, indicating strength in the markets. After a buying on Tuesday after a brief selling period, the FIIs resumed selling Indian equities on Wednesday as they sold equities worth ₹1,096 crore and DIIs bought equities worth ₹2,140 crore.

Dixon Technologies

Shares of leading electrical manufacturing services player, Dixon Technologies closed 3% higher on Wednesday at ₹13,875 apiece crossing its 200 DEMA of ₹13,664. The shares are currently down 27% from their record-high levels touched in December 2024.

BSE Ltd

Shares of India’s leading stock exchange closed above its 200 DEMA level of ₹4,232 apiece by gaining nearly 6% on Wednesday. The shares are now trading 27% below its record-high levels of ₹6,047 last touched on 21st February 2025.

CG Power

Shares of CG Power and Industrial Solutions, which are now trading 23% lower from their record high levels of ₹874, crossed 200 DEMA levels on Wednesday. The shares closed 4.4% higher at ₹663 closing above the 200 DEMA level of ₹651 on the NSE.

Apart from the stocks mentioned above, shares of GRSE, HDFC Life, JSW Infrastructure, Jubilant Foodworks,KPR Mills, Bharat Dynamics Ltd, Biocon and more crossed their 200 DEMA levels on Wedneaday.