Tejas Networks and Four Other Stocks Exhibit Bullish RSI Trends
Market Brief: Nifty 500 Momentum Play
The **Nifty 500** index demonstrated resilience toward the end of February 2026, closing at **23,448.50**. Despite broader market volatility and flat performance in major benchmarks like the Sensex, a select group of stocks has emerged with strong bullish momentum.
Technical scans identify a "Trending Up" pattern where the **Relative Strength Index (RSI)** has crossed above the **50** mark. This shift typically indicates that buying pressure is outweighing selling interest, potentially marking the start of a sustained uptrend.
KSB Limited
The industrial pump manufacturer surged **12%** in late February, hitting an eight-week high of **₹806**. The rally follows a robust quarterly report showing a **10.8%** year-on-year increase in net profit to **₹81 crore**.
Operating efficiency improved significantly, with EBITDA margins expanding to **16.6%**. The company also announced a final dividend of **₹4.40** per share, further boosting investor confidence.
Tejas Networks
Shares of the telecom equipment maker jumped over **16%** in a single session, reaching **₹371.05**. The primary driver was a strategic international contract with NEC Corporation to supply **5G Massive MIMO** radios.
This collaboration aligns with global 5G infrastructure expansion. The stock’s RSI has surged as it moves away from its 52-week low of **₹294**, reflecting renewed accumulation by market participants.
Vishal Mega Mart
The retail giant outperformed its sector by more than **4%** during recent sessions. The stock hit an intraday peak of **₹129.50** amid an exceptional volume surge of **2.90 crore** shares.
Currently trading above its **5-day and 20-day moving averages**, the stock shows strong short-term bullishness. Delivery volumes have increased by over **40%** compared to the 5-day average, suggesting a shift from speculative trading to long-term holding.
IFCI Limited
This term-lending institution saw its share price rise to **₹60.18**, gaining approximately **3.1%** in recent trade. The stock has maintained a positive trajectory with monthly returns near **6.8%**.
A key technical trigger was the **20-day moving average crossover**, a signal that has historically preceded price gains for this counter. While the company reported a recent quarterly loss, the market is focusing on its high beta and long-term recovery potential.
Aadhar Housing Finance
The low-income housing financier gained **3.51%** to close at **₹473.85**. While it has faced year-to-date pressure, its one-year return of **25.16%** remains more than double the benchmark Sensex’s performance.
The stock is currently in a consolidation phase. Analysts maintain a **"Strong Buy"** consensus, with price targets ranging between **₹525** and **₹600**, supported by a **5.5%** growth in quarterly profit after tax.