Dont miss action in these outperforming stocks on Friday, January 7!

The BSE Sensex nosedived by more than 600 points or 1 percent on Thursday. However, several stocks were seen outperforming the markets are were seen making new highs for themselves. Following shares were seen catching investors attention on Thursday:

Accel Ltd: The shares of Accel Ltd have more than doubled in the past one month alone and were locked in the upper circuit on Thursday. Accel ltd has given a strong price volume breakout. The shares of Accel are trading higher with a 12-year price breakout amidst heavy volumes. Given the bullish technicals and optimistic business outlook the shares of Accel Ltd will be in demand on Friday.  

Shivalik Rasayan: The shares of Shivalik Rasayan made all-time highs on Thursday to buck the overall bearish trend, however the buzzing stock managed to close flat. The shares of Shivalik Rasayan have jumped higher by more than 21 per cent in the past one month alone owing to the positive business outlook. The bullish technicals point towards outperformance in Shivalik Rasayan and hence the multibagger Shivalik Rasayan should be on momentum investors radar on Friday.

Tata Power: The shares of Tata Power were seen bucking the bearish trend on Thursday. A bullish engulfing pattern was formed on Thursday indicating a strong buying in Tata Power. The shares of Tata Power closed higher by more than 2 per cent on Thursday and may remain in demand owing to the bullish technicals and a breakout opportunity. Tata Power has gained by 1.15 per cent in the past one month.

Breakout Stocks: The shares of BGR Energy, Jain Irrigation, NBCC and Poonawalla Fincorp managed to trade higher with a price volume breakout. BGR Energy was seen locked in the upper circuit on Thursday and is seen gaining by more than 74 per cent in one month alone.