These 5 stocks signal bullish short-term trend after crossing 20-DMA levels today
Jagruti Jain
Several stocks witnessed strong buying interest in Tuesday’s trade and moved above their respective 20-day moving average (20-DMA), indicating improving short-term momentum. Among the key gainers were Puravankara Limited, Rishabh Instruments Limited, Saksoft Limited, Somany Ceramics Limited and Noida Toll Bridge Company Limited.
Puravankara shares surged over 14% to ₹244.18 after the real estate developer reported a sharp turnaround in its Q4FY26 earnings. The company posted a net profit of ₹109.95 crore compared to a loss of ₹88 crore in the year-ago quarter. Revenue from operations jumped to ₹1,501.92 crore from ₹541.57 crore YoY, while EBITDA surged to ₹301.50 crore against ₹30.45 crore last year. EBITDA margin improved significantly to 20.1% from 5.6% YoY.
Rishabh Instruments also gained nearly 13% after reporting a strong operational performance for FY26. The company said its annual revenue crossed ₹775 crore, up 7.6% YoY, while EBITDA surged 161% YoY to ₹126 crore. Net profit jumped 292% YoY to ₹82 crore, with EBITDA margin expanding sharply to 16.3%. The board also proposed a final dividend of ₹2 per share.
For Q4FY26, Rishabh Instruments reported a 9.3% YoY rise in revenue to ₹205 crore, while EBITDA more than doubled on a yearly basis. Profit after tax surged 229.5% YoY and PAT margin improved to 9.8%, reflecting a strong operational turnaround.
Meanwhile, Saksoft shares climbed nearly 15% and traded around 6.95% above their 20-DMA level. Somany Ceramics gained over 14% and moved nearly 11% above its 20-DMA, while Noida Toll Bridge Company rose over 18%, trading more than 32% above the moving average benchmark.
The 20-DMA is widely tracked by traders as a key indicator of short-term momentum. Stocks trading above this level are generally considered to be in a positive near-term trend, especially when supported by strong volumes and fundamental triggers.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.