Momentum Stocks: Suraj Estate Developers, Presstonic Engineering, Kay Cee Energy rise up to 13% on sheer…

New business data points to the fact that In a market short on fresh triggers, several stocks quietly grabbed attention on September 21, fuelled by technical breakouts, firm price action, and sustained buying interest.

The selected stocks are showing firm upward momentum, trading well above their key short- to medium-term moving averages, which indicates a positive trend in the near term.

Suraj Estate Developers shares surged 13.04% to ₹217.35, trading above their 30-day, 50-day, 150-day and 200-day simple moving averages of ₹192.28, ₹194.88, ₹206.06 and ₹216.35, respectively. The stock’s current price is additionally marginally above its long-term 200-day SMA, indicating sustained buying momentum.

Presstonic Engineering shares advanced 10.46% to ₹35.90. The stock is trading above its 30-day SMA of ₹32.50, 50-day SMA of ₹30.10 and 150-day SMA of ₹35.88, but stays below its 200-day SMA of ₹41.23. The sharp climb has pushed the stock marginally above its 150-day moving average.

Kay Cee Energy & Infra shares rose 8.03% to ₹86. The stock is trading above its 30-day and 50-day SMAs of ₹79.61 and ₹83.62, respectively, but stays below its 150-day and 200-day SMAs of ₹102.53 and ₹112.22. The latest upside have lifted the stock above its near-term moving averages, while it keeps trade below its longer-term averages.

The selected stocks are witnessing downward pressure, as reflected in negative price movements and their positioning relative to key moving averages, indicating a wary market sentiment.

Oracle Financial Services Software shares declined 5.94% to ₹11,131, slipping below its 30-day and 50-day simple moving averages of ₹11,833.73 and ₹11,666.56, respectively. That stated, the stock keeps trade above its 150-day and 200-day SMAs of ₹9,543.55 and ₹9,109.10.

TechD Cybersecurity shares declined 2.82% to ₹549, trading below all four key moving averages. The stock is below its 30-day, 50-day, 150-day and 200-day SMAs of ₹564.91, ₹583.57, ₹556.18 and ₹570.14, respectively, indicating softness across both short- and long-term trends.

GTPL Hathway shares eased 2.74% to ₹54.59, remaining below its 30-day, 50-day, 150-day and 200-day SMAs of ₹56.13, ₹58.14, ₹62.55 and ₹69.88, respectively. The stock’s current price is below all major moving averages, pointing to continued selling pressure.

Several stocks touched fresh 52-week high, highlighting persistent buying interest in the market. Notable names that hit new high included ACME Solar, Jyoti CNC Auto, Action Construction, Welspun Corp, Laurus Labs, Aegis Vopak, PVR INOX, Welspun Living and Aurobindo Pharm.

Peria Karamalai Tea and Produce Firm, ESDS Software Solution, Nimbus Projects among others were locked in their upper circuits, reflecting firm buying and signalling bullish near-term sentiment.