Momentum Stocks: Coffee Day Enterprises, E2E Networks, Hitech Corporation hit upper circuit

About this update from Coffee Day Enterprises Ltd

In a market short on fresh triggers, several stocks quietly stole the spotlight on June 1, driven purely by price action, technical breakouts, and sustained buying momentum.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.PTC Industries surged 14.45% to ₹18,690, significantly outperforming its key moving averages. The stock is trading well above its 30-day SMA (₹16,330), 50-day SMA (₹16,252), and 200-day SMA (₹16,681), highlighting strong bullish momentum. It has also reclaimed levels above its 150-day SMA (₹17,301), suggesting renewed buying interest and a strengthening long-term trend.NIIT gained 9.66% to ₹75.83, extending its recent recovery. The stock is comfortably above its 30-day SMA (₹69.15) and 50-day SMA (₹65.57), indicating positive short-term momentum. However, it remains below its 150-day SMA (₹79.92) and 200-day SMA (₹87.59), suggesting that while sentiment has improved, the stock still needs further strength to confirm a broader long-term trend reversal.Lambodhara Textiles rose 8.07% to ₹114.48. The stock is trading above its 30-day SMA (₹105.93), 50-day SMA (₹101.73), and marginally above its 150-day SMA (₹113.72), reflecting improving momentum. However, it remains slightly below its 200-day SMA (₹117.82), which may act as an immediate resistance level.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.Kontor Space tumbled 17.13% to ₹61.60, making it one of the biggest losers in the segment. The stock is trading below its 30-day SMA (₹74.33), 50-day SMA (₹72.79), 150-day SMA (₹69.28), and 200-day SMA (₹71.60).DCG Cables & Wires declined 14.29% to ₹57.00. The stock is trading significantly below its 30-day SMA (₹66.50), 50-day SMA (₹62.72), 150-day SMA (₹63.70), and 200-day SMA (₹65.48).Premier Roadlines fell 14.24% to ₹54.15. The stock is well below its 30-day SMA (₹63.14) and 50-day SMA (₹59.94), while also trading substantially under its 150-day SMA (₹69.30) and 200-day SMA (₹73.26).A few stocks saw sharp intraday moves and hit upper circuits. Coffee Day Enterprises, E2E Networks, Hitech Corporation, Venus Remedies were locked in the upper band, reflecting strong demand and limit...

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