Alkali Metals jumps nearly 16%, Deepak Builders gains 8% as buying momentum lifts select stocks

Alkali Metals shares jumped nearly 16% on September 7, while MO Nasdaq Q50 and Deepak Builders gained more than 8% each as select stocks attracted strong buying interest.

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ESDS Software and Bodal Chemicals were among the other stocks locked in their upper circuits, Moneycontrol reported.

Alkali Metals leads gains

Alkali Metals rose 15.78% to ₹78.66, according to Moneycontrol. The stock traded above its 30-day simple moving average of ₹67.94 and its 50-day average of ₹73.74.

It was also above its longer-term averages. The 150-day simple moving average stood at ₹70.94, while the 200-day average was ₹72.94, as per the report.

A simple moving average tracks a stock’s average closing price over a specified period. Traders commonly compare the current share price with these levels to assess its recent price trend.

MO Nasdaq Q50 rises 9%

MO Nasdaq Q50 gained 9.23% to ₹158.85. It traded above its 30-day simple moving average of ₹145.43 and its 50-day average of ₹144.87, Moneycontrol reported.

The stock was also higher than its 150-day average of ₹126.54 and 200-day average of ₹119.67.

Deepak Builders gains 8%

Deepak Builders shares rose 8.41% to ₹7.48. The stock moved above its 30-day simple moving average of ₹6.90 and its 50-day average of ₹7.32, according to Moneycontrol.

It remained below the longer-term levels. Its 150-day moving average was ₹7.71, while the 200-day average stood at ₹8.74.

Unilex Colours falls nearly 5%

Unilex Colours declined 4.76% to ₹26 and traded below all four moving averages tracked in the report.

The stock’s 30-day and 50-day simple moving averages stood at ₹27.30 and ₹27.13, respectively. Its 150-day average was ₹30.90, while the 200-day average was ₹34.57, according to Moneycontrol.

PVR INOX fell 4.47% to ₹1,133.90. The stock slipped below its 30-day average of ₹1,186.94 but remained above its 50-day, 150-day and 200-day averages of ₹1,112.16, ₹1,034.30 and ₹1,036.39, respectively.

Sical Logistics dropped 4.06% to ₹102.55. It traded below its 30-day average of ₹106.89 but stayed above its 50-day average of ₹101.32, 150-day average of ₹82.13 and 200-day average of ₹84.44, as per the report.

Stocks touch 52-week highs

Syrma SGS, Vodafone Idea, Solar Industries and Welspun Living were among the stocks that touched fresh 52-week highs.

Maharashtra Seamless, Redington, Lenskart Solutions, Anand Rathi, Elgi Equipments, Capri Global and New India Assurance also reached new 52-week highs, according to Moneycontrol.