Delaplex shares rise 16.38% as October 12 momentum moves remain mixed

Delaplex shares rose 16.38% to ₹113.70 on October 12, as stocks showed mixed momentum. Neochem Bio and Aeroflex Industries also gained, while Ken Enterprises, Canarys Automations and Ausom Enterprise declined. Bharat Global Developers, Take and KS Smart Technologies were locked in their lower circuits.

Delaplex shares rise 16.38% to Rs 113.70

Neochem Bio shares gained 11.57% to ₹113.80, while Aeroflex Industries shares rose 10.12% to ₹587.90.

Ken Enterprises shares fell 9.37% to ₹37.05, the largest decline among the three stocks listed with negative price moves. Canarys Automations shares declined 4.37% to ₹25.40, and Ausom Enterprise shares slipped 2.35% to ₹145.

Lower circuits add selling pressure to the mixed session

Moneycontrol reported that Bharat Global Developers, Take and KS Smart Technologies were among the stocks locked in their lower circuits. Moneycontrol said the lower circuits reflected strong selling and near-term bearish sentiment.

Delaplex traded above four tracked moving averages

Delaplex traded above its 30-day, 50-day, 150-day and 200-day simple moving averages of ₹97.70, ₹94.21, ₹101.97 and ₹107.27, respectively. Neochem Bio traded above its 30-day, 50-day and 150-day simple moving averages of ₹102, ₹98.08 and ₹90.43, respectively.

Aeroflex Industries traded above its 30-day, 50-day, 150-day and 200-day simple moving averages of ₹533.85, ₹504.44, ₹407.40 and ₹353.66, respectively. Ken Enterprises traded below its 30-day, 50-day, 150-day and 200-day simple moving averages of ₹40.88, ₹40.47, ₹37.69 and ₹39.08, respectively.

Canarys Automations traded below its 30-day simple moving average of ₹26.56 but above its 50-day, 150-day and 200-day averages of ₹24.97, ₹21.68 and ₹23.23, respectively. Ausom Enterprise traded below its 30-day and 50-day averages of ₹148.49 and ₹146.59, but above its 150-day and 200-day averages of ₹128.86 and ₹125.67.

Disclaimer: This article has been written exclusively for informational and educational purposes and does not constitute investment advice. Investments in securities are subject to market risks; please read all scheme/offer documents carefully and consult a SEBI-registered advisor before investing.