Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded trading day on a positive note as Sensex gained by 0.17 per cent and closed at 77,341.08 level, while Nifty surged by 0.16 per cent closed at 23,537.85 level. Whereas the Broader market experienced mixed performance as Nifty Mid-Cap closed higher by 0.27 per cent, while Nifty Small-Cap declined by 0.1 per cent.
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Market volatility, as indicated by India VIX, has surged by 6.66 per cent and is trading around the level of 14 reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Rattanindia Enterprises Ltd: Rattanindia Enterprises Ltd saw a high of Rs 90 today with a substantial traded volume of 4.69 crore shares. The stock is currently trading at Rs 85.43, up from its previous close of Rs 80.57, reflecting a 6.03 per cent increase. With the stock nearing its 52-week high of Rs 94.85, it has shown impressive multibagger returns of 127.51 per cent from its 52-week low. The market cap stands at Rs 11,748.06 crore. Today's trading witnessed a price volume breakout, volume spike, and a 52-week high breakout. The RSI at 65.13 indicates a moderately strong buying pressure, signaling potential for further gains.
Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd hit a high of Rs 76.25 with a traded volume of 2.87 crore shares. The stock is currently trading at Rs 75, up from its previous close of Rs 69.7, marking a 7.60 per cent increase. The stock has reached its 52-week high of Rs 76.25 and has delivered multibagger returns of 233.93 per cent from its 52-week low. The company's market cap is Rs 8,501.54 crore. Today's trading saw a price volume breakout, volume spike, and a 52-week high breakout. With an RSI of 68.03, the stock shows strong buying momentum, suggesting it may continue to perform well.
Bombay Dyeing and Mfg Co Ltd: Bombay Dyeing and Mfg Co Ltd reached a high of Rs 207.04 with a traded volume of 2.50 crore shares. The stock is currently trading at Rs 197.98, up from its previous close of Rs 181.22, indicating a 9.25 per cent rise. Approaching its 52-week high of Rs 207.04, it has yielded returns of 98.97 per cent from its 52-week low. The market cap is Rs 4,090.03 crore. Today's trading featured a price volume breakout, volume spike, and it is nearing its 52-week high breakout. The RSI at 67.77 suggests robust buying interest, hinting at the possibility of further upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
RattanIndia Enterprises Ltd
|
84.93
|
4,69,40,146
|
|
2
|
Lloyds Engineering Works Ltd
|
74.27
|
2,87,07,998
|
|
3
|
Bombay Dyeing & Mfg Company Ltd
|
198.27
|
2,49,88,290
|
|
4
|
Mangalore Refinery And Petrochemicals Ltd
|
224.36
|
2,03,26,064
|
|
5
|
Exicom Tele-Systems Ltd
|
446.25
|
1,18,13,285
|
|
6
|
Garden Reach Shipbuilders & Engineers Ltd
|
1753.1
|
74,99,773
|
|
7
|
Hindustan Oil Exploration Company Ltd
|
201.51
|
67,86,983
|
|
8
|
Tamilnadu Petroproducts Ltd
|
96.13
|
55,18,784
|
|
9
|
DigiSpice Technologies Ltd
|
37.34
|
52,32,026
|
|
10
|
Bombay Burmah Trading Corporation Ltd
|
2014.4
|
49,85,257
|
Disclaimer: The article is for informational purposes only and not investment advice.