Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex moderately gained by 0.17 per cent and closed at 74,611.11 level, while Nifty also gained by 0.19 per cent and closed at 22,648.20 level. Similarly, the Broader market experienced moderate gains as Nifty Mid-Cap closed higher by 0.44 per cent, whereas Nifty Small-Cap slightly gained by 0.13 per cent.
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Market volatility, as indicated by India VIX, has surged by 3.87 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
REC Ltd: REC Ltd has shown strong performance, currently trading at Rs 552, which is close to today's high of Rs 557.85. This trading level is significantly higher than the previous close at Rs 507.15, marking an 8.84 per cent increase. The traded volume is massive at 83,160,192 shares, indicating a high investor interest, potentially due to the stock hitting a new 52-week high at Rs 557.85. The company has posted multibagger returns of 306.68 per cent over the past year, showcasing exceptional growth. This surge in price and volume suggests a bullish outlook, supported by recent Rs 4.50 interim dividend and Quarterly Results.
Power Finance Corporation Ltd: Power Finance Corporation Ltd is currently trading at Rs 467.5, up 5.88 per cent from the previous close of Rs 441.55, with a high today of Rs 476.75. The stock has traded 55,752,960 shares today, highlighting significant trading activity. This enthusiasm is likely fueled by its performance over the past year, where it offered multibagger returns of 236.20 per cent. The stock trades above its 50-day EMA, with an RSI of 62.53, suggesting strong momentum. Recent dividends and the position close to its 52-week high of Rs 477.8 add to the stock's positive sentiment.
IFCI Ltd: IFCI Ltd has seen a remarkable surge today, currently trading at its daily high of Rs 50.05, up by 10.00 per cent from its previous close of Rs 45.5. The stock has experienced a significant volume of 36,498,357 shares, indicating robust interest among traders. This activity coincides with its latest quarterly results, possibly driving investor confidence. With an RSI of 65.02, the stock shows momentum, further evidenced by bouncing off support levels and the 50-day EMA. Over the last year, IFCI has delivered multibagger returns of 337.12 per cent, highlighting its strong performance in the market.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Rural Electrification Corporation Ltd
|
553.90
|
8,31,60,192
|
|
2
|
Power Finance Corporation Ltd
|
467.85
|
5,57,52,960
|
|
3
|
Ifci Ltd
|
50.05
|
3,64,98,357
|
|
4
|
Hindustan Petroleum Corporation Ltd
|
533.5
|
2,16,95,417
|
|
5
|
Jain Irrigation Systems Ltd
|
66.8
|
2,09,89,616
|
|
6
|
Orient Paper & Industries Ltd
|
56.5
|
1,95,91,298
|
|
7
|
Geojit Financial Services
|
106.65
|
1,79,53,702
|
|
8
|
Moil Ltd
|
441.45
|
1,67,28,190
|
|
9
|
Hindustan Motors Ltd
|
38.1
|
1,37,23,928
|
|
10
|
Dhani Services Ltd
|
55.2
|
1,35,16,118
|
Disclaimer: The article is for informational purposes only and not investment advice.