Momentum Stocks: PNB Housing, Exide hit new high; Ujaas Energy, Aastha Spintex locked at circuit
Ujaas Energy, Aastha Spintex, Kriti Nutrients were locked in their upper circuits, reflecting strong buying and signalling bullish near-term sentiment.
Buzzing Stocks
In a market short on fresh triggers, several stocks quietly grabbed attention on August 5, driven by technical breakouts, strong price action, and sustained buying interest.
The selected stocks are showing strong upward momentum, trading well above their key short- to medium-term moving averages, which indicates a positive trend in the near term.
Trejhara surged nearly 9% to ₹150.79, extending its momentum as the stock traded above its 30-day (₹138.44) and 50-day (₹139.98) moving averages, although it remained below its 150-day (₹168.71) and 200-day (₹185.73) moving averages, indicating improving near-term sentiment despite a weak long-term trend.
DCM Financial gained 5.7% to ₹5.58, trading above all its key moving averages—30-day (₹5.28), 50-day (₹5.41), 150-day (₹5.16) and 200-day (₹5.22)—suggesting sustained buying interest and a positive technical setup across both short- and long-term timeframes.
New India Assurance advanced over 5% to ₹187.40, with the stock trading comfortably above its 30-day (₹178.34), 50-day (₹171.70), 150-day (₹156.96) and 200-day (₹161.68) moving averages, reflecting strong technical momentum and continued bullish sentiment.
The selected stocks are witnessing downward pressure, as reflected in negative price movements and their positioning relative to key moving averages, indicating a cautious market sentiment.
Pritika Engineering Components (PRITIKA) declined 7.7% to ₹58, with the stock trading below its 30-day (₹62.83), 50-day (₹64.42), 150-day (₹70.83) and 200-day (₹75.37) moving averages. The weakness across all key moving averages points to sustained selling pressure and a bearish technical trend.
Cura Technologies fell 6.1% to ₹72, remaining below its 30-day (₹76.69), 50-day (₹80.16), 150-day (₹91.95) and 200-day (₹106.48) moving averages. Trading below all major moving averages indicates weak momentum and continued downside bias.
Race Eco Chain slipped 3.5% to ₹106.90, with the stock also trading below its 30-day (₹110.80), 50-day (₹111.21), 150-day (₹116.33) and 200-day (₹132.34) moving averages. The stock’s position below all key technical levels suggests that bearish sentiment continues to dominate.
Meanwhile, several stocks touched fresh 52-week high, highlighting persistent buying. Notable names touching new one-year high included PNB Housing Finance, Exide Industries, Radico Khaitan, Craftsman Automation, Pidilite Industries, TVS Motor Company, Welspun Corp, RBL Bank, Sona BLW Precision Forgings, HEG, Sai Life Sciences, Laurus Labs, Redington, Gujarat Fluorochemicals and FSN E-Commerce Ventures (Nykaa).
Separately, Ujaas Energy, Aastha Spintex, Kriti Nutrients were locked in their upper circuits, reflecting strong buying and signalling bullish near-term sentiment.