The Baseline    
11 Aug 2017

Between August 8th and August 10th, three new largecap stocks have seen a golden cross in the screener, where the company's 50 day average share price has crossed above its longer term 200 day average share price. These companies - Idea Cellular, Aurobindo Pharma and NTPC Limited all saw a golden cross emerge in the past few days.

NTPC is the only company among the three that delivered growth in both YoY revenue and net profit for the June quarter. Aurobindo Pharma is trending more bullish after management said that price erosion in its base products looks to have been arrested since the past three quarters.

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