Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded trading day on a mixed note as Sensex marginally declined by 0.04 per cent and closed at 76,456.60 level, while Nifty slightly gained by 0.02 per cent and closed at 23,264.60 level. Whereas the Broader market also experienced gains as Nifty Mid-Cap closed significantly higher by 0.81 per cent and made a record high of 53,880.50 level, while Nifty Small-Cap soared by 0.55 per cent and reached its all-time high of 17,665.55 level.
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Market volatility, as indicated by India VIX, has substantially declined by 9.96 per cent and is trading around the level of 14 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Hindustan Construction Company Ltd: Hindustan Construction Company Ltd experienced a significant surge today, reaching a high of Rs 47.6 before closing at Rs 47.4, up from its previous close of Rs 39.8, marking a substantial 19.10 per cent increase. The stock's impressive volume of 273,620,461 shares indicates strong market interest. With a market cap of Rs 7,914.58 crore, the stock hit its 52-week high today, signaling robust momentum. The company's returns from the 52-week low stand at a remarkable 178.17 per cent, classifying it as a multibagger. The RSI is at 71.54, reflecting overbought conditions, while the price volume breakout and volume spike underline strong buying activity. Positive corporate news, including a brokerage firm initiating coverage with a 'buy' rating, contributed to the share's jump.
NBCC (India) Ltd: NBCC (India) Ltd had a bullish trading session, with a high of Rs 159.5 and a closing price of Rs 157.19, up from the previous close of Rs 142.96, achieving a 9.95 per cent increase. The traded volume was 117,032,681 shares, showing heightened trading activity. The company's market cap stands at Rs 28,179.00 crore. Although it is nearing its 52-week high of Rs 169.95, its return from the 52-week low is an impressive 311.49 per cent, making it a multibagger. The RSI is at 61.65, suggesting the stock is approaching overbought territory. The significant volume spike and price volume breakout indicate strong demand. The stock's rise follows positive news about multiple block deals and an order win.
IFCI Ltd: IFCI Ltd showed strong performance today, hitting a high of Rs 67.29 and closing at Rs 66.17, compared to the previous close of Rs 60.75, representing an 8.92 per cent gain. The stock saw substantial trading volume with 111,889,023 shares exchanged. Its market cap is Rs 17,339.75 crore. The stock's 52-week high is Rs 71.8, and it has bounced back significantly from its 50-day EMA. The returns from its 52-week low are an astonishing 477.90 per cent, making it a multibagger. The RSI stands at 65.8, indicating a strong buying momentum. The price volume breakout and volume spike suggest a bullish trend, supported by the stock nearing its 52-week high.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Hindustan Construction Company Ltd
|
47.06
|
27,36,20,461
|
|
2
|
Nbcc (india) Ltd
|
156.58
|
11,70,32,681
|
|
3
|
Ifci Ltd
|
66.26
|
11,18,89,031
|
|
4
|
Himachal Futuristic Communications Ltd
|
107.57
|
6,85,33,806
|
|
5
|
Bajaj Hindusthan Sugar Ltd
|
36.27
|
6,57,74,369
|
|
6
|
Housing and Urban Development Corporation
|
280.85
|
4,77,16,559
|
|
7
|
Oil & Natural Gas Corporation Ltd
|
273.55
|
4,72,70,206
|
|
8
|
Ircon International Ltd
|
271.85
|
3,30,27,994
|
|
9
|
Mahanagar Telephone Nigam Ltd
|
42.02
|
2,07,37,903
|
|
10
|
Engineers India Ltd
|
246.77
|
2,05,54,612
|
Disclaimer: The article is for informational purposes only and not investment advice.