Momentum Stocks: Ceat, Maruti Suzuki, LCC Infotech Experience Strong Uptrend

Market Movers: Stocks Take Center Stage on April 29

In a market short on fresh triggers, several stocks stole the spotlight on April 29, driven purely by price action, technical breakouts, and sustained buying momentum.

Several stocks witnessed positive breakouts, trading above their key support levels. Ceat shares rose 11% at Rs 3,923.90, after posting strong earnings in the fourth quarter ended March 2026. The shares trading above all the key short-term moving averages, signalling a potential trend reversal and attracting fresh buying interest from technically driven traders.

Maruti Suzuki gained 3.6% at Rs 13,438.00 and LCC Infotech rose 3.2% to ₹5.09, crossing above key short-term moving averages, pointing to renewed buying momentum.

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On the negative side, Brooks Laboratories, KN Agri Resources, and Motherson Sumi Wiring India—trading in the red, indicating short-term selling pressure.

Brooks Laboratories declined 1.54% to ₹59.00 and is currently trading below its 30-day (₹59.92), 50-day (₹63.59), and 200-day (₹103.19) moving averages. This suggests a strong bearish trend across both short-term and long-term timeframes, reflecting sustained weakness in the stock.

KN Agri Resources fell 0.95% to ₹190.52. While the stock is trading slightly below its 30-day moving average (₹192.34), it remains above its 50-day average (₹186.63), indicating some near-term weakness but underlying medium-term support. However, it is still below the 200-day (₹206.94) averages, pointing to a broader cautious trend.

Motherson Sumi Wiring India slipped 0.75% to ₹38.37 and is trading below all key moving averages—30-day (₹38.66), 50-day (₹40.18), and 200-day (₹43.73). This alignment indicates continued downward momentum and a weak overall technical structure.

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A few stocks saw sharp intraday moves and hit upper circuits. Jindal PolyFilm, Rollatainers, and Websol Energy System were locked in the upper band, reflecting strong demand and limited supply—often a sign of bullish near-term sentiment.

Meanwhile, a broad set of stocks scaled fresh 52-week highs, underscoring resilient underlying demand despite the absence of major news catalysts.

Notable gainers included Bandhan Bank, Star Health and Allied Insurance Company, Emcure Pharmaceuticals, The Great Eastern Shipping Company, Glenmark Pharmaceuticals, Welspun Corp, Aarti Industries, Sona BLW Precision Forgings, Granules India, Adani Green Energy, Adani Ports and Special Economic Zone, Nestlé India, Adani Power, CESC Limited, Oil and Natural Gas Corporation, Hitachi Energy India, Lloyds Metals and Energy, Multi Commodity Exchange of India, Bharat Heavy Electricals Limited, and JSW Energy.