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Momentum Stocks Soar: ITDC, Aastha Spintex, Rashi Peripherals Up 4-6%
M
Moneycontrol•22-09-2026, 09:59
Momentum Stocks Soar: ITDC, Aastha Spintex, Rashi Peripherals Up 4-6%
- •ITDC, Aastha Spintex, and Rashi Peripherals shares surged 4-6% on September 22, driven by technical breakouts and sustained buying interest.
- •These stocks are trading above key short- to medium-term moving averages, indicating strong upward momentum and a positive near-term trend.
- •India Tourism Development Corporation (ITDC) shares rose 5.91% to ₹708.30, trading above its 30, 50, 150, and 200-day simple moving averages.
- •Aastha Spintex gained 5.57% to ₹81.12, while Rashi Peripherals advanced 4.29% to ₹864.10, both showing strong performance relative to moving averages.
- •Conversely, Unilex Colours, Kaytex Fabrics, and MVK Agro Food Products experienced downward pressure, trading below their key moving averages.
Key Questions Answered
India Tourism Development Corporation (ITDC) rose 5.91% to ₹708.30, Aastha Spintex gained 5.57% to ₹81.12, and Rashi Peripherals advanced 4.29% to ₹864.10, all trading well above their key short- to medium-term simple moving averages.
Unilex Colours declined 8.46% to ₹25.00, Kaytex Fabrics fell 3.98% to ₹55.00, and MVK Agro Food Products slipped 3.01% to ₹220.50, with all three trading below their key 30-day, 50-day, 150-day, and 200-day simple moving averages.
Notable names that hit new 52-week highs include JSW Infrastructure, Syrma SGS Technology, Welspun Living, APAR Industries, Ipca Laboratories, Shyam Metalics and Energy, Laurus Labs, Welspun Corp, ACME Solar Holdings, Aegis Vopak Terminals, and Aegis Logistics.
