In a market short on fresh triggers, several stocks quietly grabbed attention on October 12, 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.
Delaplex shares surged 16.38% to Rs 113.70, trading above their 30-day, 50-day, 150-day and 200-day simple moving averages (SMAs) of Rs 97.70, Rs 94.21, Rs 101.97 and Rs 107.27, respectively, indicating strong price momentum.
Neochem Bio shares gained 11.57% to Rs 113.80, trading above their 30-day SMA of Rs 102, 50-day SMA of Rs 98.08 and 150-day SMA of Rs 90.43.
Aeroflex Industries shares rose 10.12% to Rs 587.90, trading well above their 30-day, 50-day, 150-day and 200-day SMAs of Rs 533.85, Rs 504.44, Rs 407.40 and Rs 353.66, respectively.