Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
The markets closed the day in the red, extending their recent downturn. The Sensex declined by 0.31 per cent to settle at 77,378.91, while the Nifty 50 shed 0.40 per cent to close at 23,431.50.
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In the broader indices, the Nifty Mid-Cap 150 fell by 2.04 per cent to end at 20,252.95, while the Nifty Small-Cap 250 witnessed a sharper decline of 2.44 per cent, finishing at 16,833.40. The India VIX, a measure of market volatility, rose by 1.75 per cent to 14.92, indicating heightened investor unease.
Top 3 price-volume breakout stocks:
Ramkrishna Forgings Ltd: Ramkrishna Forgings Ltd witnessed significant trading activity with a volume of 1.93 crore shares, indicating a strong price-volume breakout. The stock is currently trading at Rs 959, reflecting a 6.12 per cent increase from its previous close of Rs 903.7. The returns from the 52-week low stand at 59.29 per cent, highlighting notable upward momentum. With a 52-week high of Rs 1064.05 and a market capitalization of Rs 17,344.86 crore, the stock continues to show strong participation in today's session.
Tata Consultancy Services Ltd (TCS): TCS recorded a trading volume of 78.94 lakh shares, marking a notable spike in trading activity and a price-volume breakout. The stock is currently trading at Rs 4265, up by 5.60 per cent from its previous close of Rs 4038.85. The returns from the 52-week low are 18.75 per cent. With a market capitalization of Rs 51,174 crore and a 52-week high of Rs 4592.25, today's price movement reflects strong market interest.
Renaissance Global Ltd: Renaissance Global Ltd demonstrated multibagger returns with a 104.86 per cent gain from its 52-week low. The stock is currently trading at Rs 179.05, up 5.85 per cent from its previous close of Rs 169.15. The 52-week high for the stock is Rs 195.7, and today's trading volume reached 20.59 lakh shares, indicating a price-volume breakout. The market capitalization of the company stands at Rs 1927.22 crore.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ramkrishna Forgings Limited
|
957.1
|
1,92,90,089
|
|
2
|
Tata Consultancy Services Limited
|
4265.65
|
78,94,300
|
|
3
|
Renaissance Global Ltd
|
179.63
|
20,59,742
|
|
4
|
Nureca Ltd
|
380.7
|
15,52,716
|
|
5
|
Mazda Limited
|
1969.9
|
6,51,497
|
|
6
|
Anand Rathi Wealth Ltd
|
4154.35
|
5,39,646
|
Disclaimer: The article is for informational purposes only and not investment advice.