In a market short on fresh triggers, several stocks quietly grabbed attention on October 8, 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.
Brooks Laboratories shares rose 9.72% to Rs 67.75 and are trading above their 30-day SMA of Rs 61.75, 50-day SMA of Rs 61.38, 150-day SMA of Rs 62.04 and 200-day SMA of Rs 65.01, indicating a positive trend across key moving averages.
Tarapur Transformers shares gained 8.14% to Rs 13.82 and are trading above their 30-day SMA of Rs 12.78 and 50-day SMA of Rs 13.68, but remain below the 150-day SMA of Rs 19.15 and 200-day SMA of Rs 21.44. The stock continues to show near-term strength but remains weak over the longer term.
Fino Payments Bank shares advanced 5.49% to Rs 143.07, trading above the 30-day SMA of Rs 135.63 but marginally below the 50-day SMA of Rs 143.89 and 150-day SMA of Rs 143.42. The stock remains below its 200-day SMA of Rs 166.02, indicating mixed momentum.