Stories
Momentum Stocks Update: Bombay Burmah, Max Healthcare and IOC Hit New Lows
M
Moneycontrol•06-10-2026, 20:29
Momentum Stocks Update: Bombay Burmah, Max Healthcare and IOC Hit New Lows
- •Several notable stocks including Bombay Burmah, Max Healthcare, IOC, and Avenue Supermarts touched fresh 52-week lows amid persistent selling pressure in the market.
- •Dalmia Sugar and Avana Electrosystems showed strong upward momentum, trading well above their key short- to medium-term moving averages.
- •EMA Partners India and MVK Agro Food Products faced downward pressure, trading below all key moving averages to reflect weak market momentum.
- •Tips Films and Steamhouse India were among the stocks locked in their upper circuits, signaling bullish near-term sentiment and strong buying interest.
Key Questions Answered
On October 6, several stocks touched fresh 52-week lows due to persistent selling pressure in the market, including Bombay Burmah, Max Healthcare, IOC, and Avenue Supermarts.
Dalmia Sugar shares rose 4.31% to reach Rs 452.50. The stock traded above its 30-day, 50-day, 150-day, and 200-day simple moving averages, indicating strong upward momentum across all key indicators.
EMA Partners India and MVK Agro Food Products faced notable downward pressure with negative price movements, trading below all key 30-day, 50-day, 150-day, and 200-day moving averages.
