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Momentum Stocks Surge: Loyal Textiles, Ola Electric, Jay Bee Laminations Gain Up to 15%
M
Moneycontrol•23-09-2026, 10:20
Momentum Stocks Surge: Loyal Textiles, Ola Electric, Jay Bee Laminations Gain Up to 15%
- •Loyal Textiles surged 15.13% to ₹247.50, trading significantly above its key moving averages, indicating strong upward momentum.
- •Ola Electric gained 9.76% to ₹41.96, also trading above all four key moving averages, with its price around 17% above its 200-day SMA.
- •Jay Bee Laminations rose 9.39% to ₹92.95, trading above most SMAs but slightly below its 200-day SMA, signaling a potential turning point.
- •Conversely, Rapid Fleet Management Services, Indian Card Clothing, and Premier experienced downward pressure, with Indian Card Clothing and Premier trading below all key moving averages.
- •Several stocks, including Inventurus Knowledge Solutions, Welspun Corp, and RBL Bank, hit new 52-week highs, while Cubex Tubings and Lalithaa Jewellery Mart locked in upper circuits.
Key Questions Answered
On September 23, stocks such as Loyal Textiles surged 15.13% to ₹247.50, Ola Electric gained 9.76% to ₹41.96, and Jay Bee Laminations rose 9.39% to ₹92.95 driven by technical breakouts and sustained buying interest.
Jay Bee Laminations rose to ₹92.95 and traded above its shorter-term moving averages, but it remained slightly below its 200-day simple moving average of ₹93.58, indicating its longer-term trend has not yet fully turned positive.
Several stocks experienced downward pressure, including Rapid Fleet Management Services which fell 2.24% to ₹205.20, Indian Card Clothing which declined 2.07% to ₹208.03, and Premier which slipped 1.80% to ₹2.73.
