Several stocks demonstrated strong upward momentum on May 5, with Visa Steel, California Software, Omax Autos, Axiscades Technologies, Sterlite Technologies, and DCM Shriram Fin locked in the upper band. According to reports from Moneycontrol, these stocks reflected strong demand and limited supply, often signs of bullish near-term sentiment. The selected stocks were showing strong upward momentum, trading well above their key short- to medium-term moving averages, indicating a positive trend in the near term.
Kontor Space was trading at ₹75.80, up 6.58%, and remained above all short-term moving averages, suggesting strong short-term bullishness. As reported by Moneycontrol, Transwarranty Finance was priced at ₹12.80, gaining 3.14%, and trading above its 30-day average of ₹12.41, reflecting short-term strength. However, it remained below its 150-day (₹13.69) and 200-day (₹14.47) averages, indicating a weaker broader trend despite recent recovery.
Rajdarshan Industries was trading at ₹37.50, down 3.65%, and remained below its 30-day moving average of ₹38.92 as well as the 50-day (₹39.64), 150-day (₹44.03), and 200-day (₹44.95) averages. According to Moneycontrol, Team India was priced at ₹250.95, declining 3.14%, and trading below its 30-day average of ₹259.08 and 150-day (₹263.85) and 200-day (₹259.39) averages. LCC Infotech was trading at ₹4.77, down 2.85%, and slightly below its 30-day (₹4.91) and 50-day (₹4.88) averages.
A broad set of stocks scaled fresh 52-week highs, underscoring resilient underlying demand despite the absence of major news catalysts. As reported by Moneycontrol, notable gainers included Schneider Infra, HFCL, Adani Power, Emcure Pharmaceuticals, Adani Green Energy, Syrma SGS, Lloyds Metals, Adani Ports, Laurus Labs, Sai Life Sciences, and Ather Energy. These stocks achieved new highs purely through price action, technical breakouts, and sustained buying momentum in a market short on fresh triggers.
Manappuram Finance shares traded lower despite reporting a sharp turnaround in Q4 FY26 earnings. According to latest NSE data, the stock was trading at ₹299.95, down ₹5.20 or 1.70% in Tuesday morning trade. The gold loan financier reported a consolidated net profit of ₹404 crore in Q4 FY26, compared with a loss of ₹191 crore in the same quarter last year. Net interest income rose 2.6% year-on-year to ₹1,504.3 crore, against ₹1,465.6 crore in the year-ago period. The company announced an interim dividend of ₹0.50 per equity share, equivalent to 25% on the face value of ₹2 per share, with May 11, 2026 as the record date.
