Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the first trading day of the week a negative note as Sensex declined by 0.05 per cent and closed below the 80,000 mark, while Nifty slightly declined by 0.01 per cent and closed at 24,320.55 level. Similarly, the Broader market experienced losses as Nifty Mid-Cap closed lower by 0.35 per cent, while Nifty Small-Cap declined by 0.17 per cent.
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Market volatility, as indicated by India VIX, has gained by 7.13 per cent and is trading above the level of 13 reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd (IRFC) is currently trading at Rs 202.5, with a significant percent change of 7.58 per cent from its previous close of Rs 188.23. The stock hit a new all-time high at Rs 206 and is experiencing a price volume breakout, evident from the traded volume of approximately 26.1 crore shares. IRFC has a market cap of Rs 2,64,016.17 crore. The stock has shown multibagger returns of 525.97 per cent from its 52-week low, highlighting strong investor interest and momentum. The RSI stands at 75.63, indicating overbought conditions.
Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd (RVNL) is trading at Rs 567.5, showing a remarkable 15.57 per cent increase from its previous close of Rs 491.05. The stock reached a new all-time high of Rs 578.95 and is experiencing a price volume breakout with a trading volume of about 17.8 crore shares. RVNL has a market cap of Rs 1,17,874.36 crore. The stock has generated multibagger returns of 384.84 per cent from its 52-week low, reflecting strong investor confidence and bullish sentiment. The RSI is at 88.37, indicating overbought conditions.
Indian Renewable Energy Development Agency Ltd: Indian Renewable Energy Dev Agency Ltd (IREDA) is currently trading at Rs 246.5, up by 7.72 per cent from its previous close of Rs 228.84. The stock reached a new all-time high of Rs 248.85, supported by a trading volume of around 9.8 crore shares, indicating a price volume breakout. IREDA's market cap stands at Rs 66,298.15 crore. The stock has delivered multibagger returns of 393.00 per cent from its 52-week low, showing significant growth and investor interest. The RSI is at 79.64, suggesting overbought conditions.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
202.02
|
26,09,60,455
|
|
2
|
Rail Vikas Nigam Ltd
|
565.9
|
17,83,60,632
|
|
3
|
Indian Renewable Energy Development Agency Ltd
|
246.38
|
9,76,84,592
|
|
4
|
IFCI Ltd
|
64.58
|
8,22,63,257
|
|
5
|
Rashtriya Chemicals And Fertilizers Ltd
|
228.39
|
5,35,84,185
|
|
6
|
National Fertilizers Ltd
|
148.21
|
4,76,05,922
|
|
7
|
Gujarat Mineral Development Corporation Ltd
|
421.85
|
1,67,87,973
|
|
8
|
Paradeep Phosphates Ltd
|
91.17
|
1,56,63,433
|
|
9
|
Delta Corp Ltd
|
144.68
|
1,52,66,571
|
|
10
|
Mishra Dhatu Nigam Ltd
|
525.95
|
1,29,43,664
|
Disclaimer: The article is for informational purposes only and not investment advice.