Despite a jittery market this week, with geopolitical worries keeping investors across Asia cautious, some stocks bucked the trend and continued their ride up in share price. The technical score screener tracks stocks across 25 different technical indicators (including RSI, MACD, moving averages) to identify the most bullish and bearish stocks.
Among the technical score gainers are some interesting candidates. On sorting by the Normalized Score, the stocks that emerge with the highest scores and still gaining include Future Consumer, cables company Himachal Futuristic Communications and Bajaj Finance.
Specific developments are driving up share prices of these firms in a jittery market. FConsumer saw bulk/block deals that pushed share prices up in the first week of September. Himachal Futuristic hit a 9-year high in share price after news that a US-based investment firm has bought stake in the company. And Bajaj Finance has been gaining after the launch of its Rs. 4,500 crore QIP for institutional buyers. These three companies provided index-beating returns over the last year. Future Consumer saw its share price rise by over 170% over the last year. To see the full technical screener, click here.
