Stories
Smartlink Net, Jay Bharat Maruti and Jai Corp Surge Up to 16 Percent on Momentum
M
Moneycontrol•19-10-2026, 11:56
Smartlink Net, Jay Bharat Maruti and Jai Corp Surge Up to 16 Percent on Momentum
- •Smartlink Net surged 16.70 percent to 253.50 rupees, trading well above all its major simple moving averages.
- •Jay Bharat Maruti advanced 9.47 percent to reach 132.25 rupees, driven by strong buying momentum.
- •Jai Corp gained 8.87 percent to 101.09 rupees, showing improving near-term momentum despite weaker long-term trends.
- •Stocks like North Eastern Carrying Corporation, Grand Continent Hotels, and TGB Banquets faced downward pressure and traded below key averages.
- •Several notable companies including SJVN, Reliance Power, and India Cements hit new 52-week lows during the session.
Key Questions Answered
On October 19, Smartlink Net surged 16.70% to reach ₹253.50, Jay Bharat Maruti advanced 9.47% to ₹132.25, and Jai Corp gained 8.87% to close at ₹101.09, all driven by strong technical breakouts and buying momentum.
Smartlink Net traded above its 30-day, 50-day, 150-day, and 200-day simple moving averages, reflecting strong long-term technical trends. Similarly, Jay Bharat Maruti traded above all key moving averages, indicating robust buying momentum.
North Eastern Carrying Corporation, Grand Continent Hotels, and TGB Banquets experienced declines and traded below multiple moving averages. Additionally, stocks such as SJVN, Reliance Power, India Cements, and Avenue Supermarts hit new 52-week lows.
