Why did NOCIL shares skyrocket 15% in today’s trading session?

NOCIL shares jumped 15% on Monday despite weakness in the broader market, helped by a sharp surge in volumes, capex optimism and improving short-term technical indicators. The stock traded around 6 crore shares versus a 1-week average of about 13 lakh shares. However, while near-term momentum has strengthened, the stock still remains below its 200-day moving average.