Momentum Stocks: Renaissance Global, EMS, Revathi Equipment share under pressure, down 5-6%

However, the stock remained below its 150-day moving average of Rs 25.69 and 200-day moving average of Rs 25.91, indicating improving short-term momentum but continued weakness against longer-term averages. Infomedia Press shares gained 5.24% to Rs 5.62, trading above their 30-day moving average of Rs 5.34, 50-day moving average of Rs 5.29, 150-day moving average of Rs 5.50 and 200-day moving average of Rs 5.53.

Trading above all key moving averages indicates strengthening upward momentum. Jindal Poly Films shares rose 4.49% to Rs 716, trading above their 30-day moving average of Rs 685.24, 50-day moving average of Rs 672.63 and 150-day moving average of Rs 698.01. The stock also remained above its 200-day moving average of Rs 649.48, indicating strong upward momentum across short-, medium- and long-term trends.

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. Renaissance Global shares fell 6.85% to Rs 149.75, trading below their 30-day moving average of Rs 160.76. However, the stock remained above its 50-day moving average of Rs 149.23, 150-day moving average of Rs 122.20 and 200-day moving average of Rs 120.57.

The price action indicates short-term weakness, although the stock continues to trade above its longer-term moving averages. EMS Limited shares declined 6.06% to Rs 246.89, trading below their 30-day moving average of Rs 262.81, 50-day moving average of Rs 266.66, 150-day moving average of Rs 290.69 and 200-day moving average of Rs 300.80. Trading below all key moving averages indicates sustained selling pressure and weak momentum across short-, medium- and long-term trends.

Revathi Equipment India shares dropped 5.43% to Rs 670, trading below their 30-day moving average of Rs 708.47, 50-day moving average of Rs 717.34, 150-day moving average of Rs 687.65 and 200-day moving average of Rs 677.31. Trading below all four key moving averages signals weakening momentum and continued selling pressure across multiple timeframes. Several stocks touched fresh 52-week low, highlighting persistent selling pressure in the market.

Notable names that hit new low included Swiggy, Jaiprakash Power Ventures, Inox Wind, NAVA, CreditAccess Grameen, HEG, Afcons Infrastructure, NTPC Green Energy, CEAT, Jupiter Wagons, Reliance Power, Colgate-Palmolive India, Vedanta Aluminium, Torrent Power, CIE Automotive India, Aditya Birla Fashion and Retail, JM Financial, KEC International, Rashtriya Chemicals and Fertilizers, and Swan Corp. Jinkushal Industries, Vishal Nirmiti, Ashapuri Gold Ornament among others were locked in their lower circuits, reflecting strong selling and signalling bearish near-term sentiment.