Gretex Corporate Services LtdNSE: GCSL

Momentum stocks: Jinkushal, Jyoti CNC, Gretex in focus as shares swing on pure momentum; key levels to watch

· Issued by Gretex Corporate Services Ltd

In a market short on fresh triggers, several stocks quietly stole the spotlight on April 13, driven purely by price action, technical breakouts and sustained buying momentum.

On the positive side, Jinkushal Industries emerged as the top gainer, rallying 15.96 percent to Rs 64 after moving above its 30-day and 50-day simple moving averages of Rs 55.19 and Rs 61.63, respectively. Gretex Corporate Services rose 3.21 percent to Rs 359.95, crossing above its 30-day and 50-day moving averages of Rs 348.74 and Rs 339.17, while Housing Development and Infrastructure gained 4.17 percent to Rs 2.25 after climbing above its 30-day and 50-day averages.

Spacenet Enterprises India advanced 4.28 percent to Rs 4.14, moving above its 30-day average of Rs 3.97. Gujarat Lease Financing gained 4.19 percent to Rs 4.73 after crossing its 30-day average of Rs 4.54, while Everest Industries rose 2.97 percent to Rs 360.05, trading above its 30-day average of Rs 349.65.

On the downside, Jyoti CNC Automation led the losers, plunging 9.62 percent to Rs 701 after slipping below all key short- and long-term moving averages, including its 30-day, 50-day, 150-day and 200-day levels of Rs 775.62, Rs 797.81, Rs 887.45 and Rs 918.14, respectively.

Wise Travel India fell 4.07 percent to Rs 98.30, while Wanbury dropped 3.34 percent to Rs 235.50. Intellect Design Arena declined 3.26 percent to Rs 642, and Creative Eye slipped 3.26 percent to Rs 6.24, with all these stocks trading below their key moving averages.

Mahindra Lifespace Developers also remained under pressure, falling 2.59 percent to Rs 334.80 after slipping below its 30-day, 50-day, 150-day and 200-day moving averages. The contrasting moves highlighted stock-specific momentum in an otherwise range-bound market, with technical levels continuing to guide near-term sentiment.

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