In a market short on fresh triggers, several stocks quietly grabbed attention on July 3, 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.
Elgi Rubber rallied 14.3% to ₹54.80, with the stock quoting above its 30-day, 50-day, 150-day and 200-day simple moving averages, indicating sustained bullish strength.
MosChip Technologies advanced 6% to ₹222.92, also trading above all its major moving averages, reflecting continued buying interest.
Meanwhile, Zensar Technologies gained 6% to ₹496.60, moving above its 30-day and 50-day moving averages, though it remained below its 150-day and 200-day averages, suggesting improving near-term momentum while the long-term trend is yet to turn decisively positive.
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.
PB Fintech declined 5.5% to ₹1,551.90, slipping below all its key moving averages, signalling sustained selling pressure and weakening near-term momentum.
Phoenix Overseas fell 5.5% to ₹17.10, with the stock quoting below its major SMAs, reflecting continued weakness across both short- and long-term trends.
Peria Karamalai Tea & Produce Company also shed 5.2% to ₹743.75, remaining below all key moving averages, suggesting that bears continue to dominate the counter and that the stock lacks immediate technical support.
Meanwhile, several stocks scaled fresh 52-week highs, underscoring sustained buying interest despite mixed broader market cues. Notable names hitting new one-year highs included Manappuram Finance, Aditya Birla Capital, Aurobindo Pharma, Nuvama Wealth Management, CreditAccess Grameen, Oberoi Realty, Krishna Institute of Medical Sciences (KIMS), Torrent Pharmaceuticals, Inventurus Knowledge Solutions, Bosch, Apollo Hospitals, Cement India Projects, Grasim Industries, Aadhar Housing Finance, JB Chemicals & Pharmaceuticals, The Phoenix Mills, Nippon Life India Asset Management, Federal Bank, Granules India, and Pidilite Industries.
Separately, Electrotherm (India), Waterways Leisure Tourism, Schneider Electric President Systems among others were locked in their upper circuits, reflecting strong buying demand and limited seller participation — a sign of bullish near-term sentiment.