In a market short on fresh triggers, several stocks quietly grabbed attention on October 15, 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.
Modi Naturals shares rose 16.76 percent to Rs 390.60, trading above their 50-day, 150-day and 200-day simple moving averages (SMAs) of Rs 334.52, Rs 350.67 and Rs 373, respectively, while remaining above the 30-day SMA of Rs 364.20.
Godavari Biorefineries shares gained 8.42 percent to Rs 253.90, trading above their 30-day and 50-day SMAs of Rs 234.18 and Rs 240.10, respectively. However, the stock remained below its 150-day and 200-day SMAs of Rs 275.67 and Rs 275.52.
Shoppers Stop shares advanced 8.12 percent to Rs 424.40, trading above their 30-day, 50-day, 150-day and 200-day SMAs of Rs 392.53, Rs 400.14, Rs 357.91 and Rs 360.05, respectively.