Momentum Stocks: HEG, Gujarat Energy, Muthoot Finance, IEX, Bikaji Foods hit 52-week low
SRG Housing Finance, Atal Realtech, Sunshine Pictures, among others were locked in their lower circuits, reflecting strong selling and signalling bearish near-term sentiment.
Buzzing Stocks
In a market short on fresh triggers, several stocks quietly grabbed attention on September 11, 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.
JHS Svendgaard Laboratories shares rose 10.19% to ₹9.08, trading above its 30-day SMA of ₹8.24, 50-day SMA of ₹7.92, 150-day SMA of ₹8.51 and 200-day SMA of ₹8.95.
Filatex India shares gained 5.89% to ₹84.25, remaining above its 30-day SMA of ₹79.56, 50-day SMA of ₹74.60, 150-day SMA of ₹55.27 and 200-day SMA of ₹53.68.
Kirloskar Industries shares climbed 5.74% to ₹3,965.60, trading above its 30-day SMA of ₹3,750.45, 50-day SMA of ₹3,817.35, 150-day SMA of ₹3,369.77 and 200-day SMA of ₹3,334.39.
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.
Heidelberg Cement shares fell 5.68% to ₹149.34, trading below its 30-day SMA of ₹158.33, 50-day SMA of ₹158.20, 150-day SMA of ₹157.27 and 200-day SMA of ₹161.29.
Cochin Shipyard shares declined 5.65% to ₹1,410.20, remaining below its 30-day SMA of ₹1,494.59, 50-day SMA of ₹1,462.50, 150-day SMA of ₹1,482.18 and 200-day SMA of ₹1,510.71.
Rhetan TMT shares dropped 4.34% to ₹24.01, trading below its 30-day SMA of ₹25.10, 50-day SMA of ₹26.37, 150-day SMA of ₹26.67 and 200-day SMA of ₹26.19.
Several stocks touched fresh 52-week lows, highlighting persistent selling pressure in the market. Notable names that hit new lows included HEG, Gujarat Energy, Muthoot Finance, IEX, Bikaji Foods, IRCON International, Ambuja Cements, Cello World, Shree Cement, Aditya Birla Fashion, ACC, HDFC Bank, Havells India, Rail Vikas Nigam, ICICI Lombard, IRFC, Zensar Technologies, IRCTC, PI Industries and SBI Life Insurance.
SRG Housing Finance, Atal Realtech, Sunshine Pictures, among others were locked in their lower circuits, reflecting strong selling and signalling bearish near-term sentiment.