Gujarat Mineral Development Corporation Ltd. (CMP ₹400, Stop Loss ₹370) saw a sharp move today, surging over 5% and signaling a shift in momentum. The stock found firm support at its 50-day moving average, where a potential MACD crossover appears to be in formation. A notable spike in the RSI adds further strength to the bullish outlook. While the setup looks promising, additional price action will be needed to confirm the trend. Investors will be closely watching how GMDC performs in the sessions ahead.

Source: NSE

Gujarat Mineral Development Corporation (GMDC) operates in India’s mining and mineral processing space. The company has two key segments: Mining and Power. It is involved in the exploration and production of various minerals, including lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay—making it a key player in India’s mineral resource sector.

Triveni Turbine Ltd. (CMP ₹670, Stop Loss ₹616) gained 3% today, building on a strong uptrend that has lasted several weeks. The stock has convincingly crossed above its 200-day moving average, which signals a shift toward a longer-term bullish trend. Moreover, the stock continues to respect its 10- and 21-day moving averages, showing consistent short-term strength and healthy price action.

Source: NSE

Triveni Turbine is a leading manufacturer and supplier of industrial power generation equipment and solutions. Its continued momentum is supported by strong fundamentals and growing demand in the energy sector.

Note: Charts and prices are as of 1 PM.

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