Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded trading day on a positive note as Sensex significantly surged by 0.93 per cent and closed at 73,663.72 level, while Nifty also gained by 0.92 per cent and closed at 22,403.85 level. Similarly, the Broader market experienced substantial gains as Nifty Mid-Cap closed higher by 0.88 per cent, while Nifty Small-Cap soared by 0.84 per cent.
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Market volatility, as indicated by India VIX, has slightly declined by 1.37 per cent, reflecting slight decrease in market volatility.
Top 3 price-volume breakout stocks
Ircon International Ltd (Rs 262.1): Ircon International is currently trading at Rs 262.1, marking a 7.97 per cent increase from the previous close. With a traded volume of 37,842,759 shares, the stock shows a price volume breakout and a volume spike, indicating heightened investor interest. The Relative Strength Index (RSI) stands at 64.65, nearing the 52-week high of Rs 280.85. The company has given a dividend of Rs 1.80 in February, contributing to its market cap of Rs 24,604.64 crore. Its one-year returns depict a multibagger growth of 231.13 per cent, signaling robust performance.
NCC Ltd (Rs 273.3): NCC Ltd is trading at Rs 273.3, up by 8.71 per cent from the previous close, with a substantial traded volume of 37,729,197 shares. Similar to Ircon International, it demonstrates a price volume breakout and a volume spike, supported by an RSI of 64.38, nearing its 52-week high of Rs 278.05. The company has delivered a multibagger return of 143.05 per cent. This surge in stock price is likely influenced by favorable Quarterly Results.
Titagarh Rail Systems Ltd (Rs 1216): Titagarh Rail Systems is presently priced at Rs 1216, reflecting a significant 9.30 per cent increase. With a traded volume of 10,784,467 shares, the stock exhibits a price volume breakout and a volume spike, alongside an RSI of 76.18, nearing its 52-week high of Rs 1248.9. Notably, it has delivered impressive multibagger returns of 270.20 per cent. This surge is likely a result of the company's strong quarterly results.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ircon International Ltd
|
261.4
|
3,78,42,709
|
|
2
|
Ncc Ltd
|
273.55
|
3,75,73,742
|
|
3
|
Titagarh Rail Systems Ltd
|
1212.4
|
1,07,84,494
|
|
4
|
Hindustan Aeronautics Ltd
|
4603.7
|
1,00,28,309
|
|
5
|
Texmaco Rail & Engineering Ltd
|
189.1
|
93,37,722
|
|
6
|
Oberoi Realty Ltd
|
1711.15
|
77,69,100
|
|
7
|
Kirloskar Electric Company Ltd
|
197.7
|
40,46,485
|
|
8
|
Sarla Performance Fibers Ltd
|
90.35
|
40,21,801
|
|
9
|
Windsor Machines Ltd
|
92.85
|
28,61,139
|
|
10
|
Bf Utilities Ltd
|
916.6
|
26,04,885
|
Disclaimer: The article is for informational purposes only and not investment advice.