Delaplex, Neochem Bio, and Aeroflex Industries shares gained up to 16% on October 12 due to strong momentum. These stocks traded well above their key moving averages, showing a positive trend. Meanwhile, Ken Enterprises shares fell 9.37% as many other stocks hit lower circuits, reflecting a cautious sentiment in the market.

In a market short on fresh triggers, several stocks quietly grabbed attention on October 12, driven by technical breakouts, strong price action, and sustained buying interest.

The selected stocks are showing strong upward momentum, trading well above their key short- to medium-term moving averages, which indicates a positive trend in the near term.

Delaplex shares surged 16.38% to Rs 113.70, trading above their 30-day, 50-day, 150-day and 200-day simple moving averages (SMAs) of Rs 97.70, Rs 94.21, Rs 101.97 and Rs 107.27, respectively, indicating strong price momentum.

Neochem Bio shares gained 11.57% to Rs 113.80, trading above their 30-day SMA of Rs 102, 50-day SMA of Rs 98.08 and 150-day SMA of Rs 90.43.

Aeroflex Industries shares rose 10.12% to Rs 587.90, trading well above their 30-day, 50-day, 150-day and 200-day SMAs of Rs 533.85, Rs 504.44, Rs 407.40 and Rs 353.66, respectively.

The selected stocks are witnessing downward pressure, as reflected in negative price movements and their positioning relative to key moving averages, indicating a cautious market sentiment.

Ken Enterprises shares fell 9.37% to Rs 37.05, trading below their 30-day, 50-day, 150-day and 200-day simple moving averages (SMAs) of Rs 40.88, Rs 40.47, Rs 37.69 and Rs 39.08, respectively, indicating weakness across the tracked periods.

Canarys Automations shares declined 4.37% to Rs 25.40, trading below their 30-day SMA of Rs 26.56 but above their 50-day, 150-day and 200-day SMAs of Rs 24.97, Rs 21.68 and Rs 23.23, respectively.

Ausom Enterprise shares slipped 2.35% to Rs 145, trading below their 30-day and 50-day SMAs of Rs 148.49 and Rs 146.59, respectively, but above their 150-day and 200-day SMAs of Rs 128.86 and Rs 125.67.

Bharat Global Developers, Take, KS Smart Technologies among others were locked in their lower circuits, reflecting strong selling and signalling bearish near-term sentiment.