Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 1.13 per cent and closed at 80,378.14, while Nifty closed higher by 1.12 per cent and closed at 24,484.05 level. Similarly, the Broader market, Nifty Midcap closed higher by 2.21 per cent at 57,355.80, while Nifty Smallcap closed higher by 2.18 per cent and closed at 18,906.10.
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Market volatility, as indicated by India VIX, declined by 7.75 per cent and is trading at the level of 14.87 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks:
Zomato Ltd: Zomato Ltd is currently trading at Rs 255.8, reflecting a notable rise of 5.76 per cent from its previous close of Rs 241.87. With a trading volume of 6.17 crore shares, the stock exhibits a price volume breakout and has experienced a strong volume spike. Zomato recently bounced from a support level and is now nearing its 52-week high of Rs 298.25. The stock's market cap stands at Rs 2,21,951.87 crore. From its 52-week low, Zomato has delivered multibagger returns of 127.38 per cent, showcasing its momentum over the year.
GAIL (India) Ltd: GAIL (India) Ltd is trading at Rs 209, which is a 6.41 per cent increase from its previous close of Rs 196.41. The stock recorded a high trading volume of 4.05 crore shares, pointing to a price volume breakout and volume spike. GAIL recently found support at a demand zone and is now moving upward, approaching its 52-week high of Rs 246.3. Its market cap is Rs 1,37,416.44 crore. GAIL has delivered multibagger returns of 119.77 per cent from its 52-week low, highlighting its significant growth this year.
Bharat Electronics Ltd (BEL): Bharat Electronics Ltd is currently trading at Rs 301.6, up 5.33 per cent from its previous close of Rs 286.35. With a trading volume of 5.28 crore shares, BEL shows signs of a price volume breakout and a noticeable volume increase. The stock recently gained momentum from a demand zone and is inching closer to its 52-week high of Rs 340.5. BEL’s market cap is Rs 2,20,723.38 crore, and it has delivered multibagger returns of 121.76 per cent from its 52-week low, demonstrating strong performance over the year.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Zomato Ltd
|
254.94
|
6,17,27,658
|
|
2
|
Piramal Pharma Ltd
|
293.55
|
5,84,50,322
|
|
3
|
Bharat Electronics Ltd
|
301.85
|
5,28,04,364
|
|
4
|
Gail (India) Ltd
|
208.92
|
4,05,49,292
|
|
5
|
Ifci Ltd
|
65.22
|
2,34,80,546
|
|
6
|
Bharat Heavy Electricals Ltd
|
247.98
|
2,32,32,573
|
|
7
|
Equinox India Developments Ltd
|
118.05
|
1,16,88,699
|
|
8
|
Dhani Services Ltd
|
66.28
|
1,12,28,141
|
|
9
|
Niit Ltd
|
192.56
|
1,11,96,155
|
|
10
|
Kalyan Jewellers India Ltd
|
700
|
1,05,23,397
|
Disclaimer: The article is for informational purposes only and not investment advice.