Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Prajwal Wakhare

These three stocks were the top gainers on BSE in the pre-opening session today.

Indian equity markets concluded the trading session with substantial losses across all major indices. The Nifty 50 closed down by 1.06 per cent, finishing at 22,553.350, while the Sensex ended lower by 1.14 per cent, settling at 74,454.41.

Broader market indices reflected the overall market downturn, with the Nifty Mid-Cap 150 dropping by 0.95 per cent to 18,503.90 and the Nifty Small-Cap 250 declining by 1.21 per cent to 14,506.45. Market volatility decreased, with the India VIX at 14.44.

Top 3 price-volume breakout stocks:

Shree Rama Newsprint Ltd traded at Rs 36.26, marking a 19.99 per cent increase from its previous close of Rs 30.22. The stock witnessed a price volume breakout with a trading volume of 56.57 lakh shares. It reached a 6-year high, also touching its 52-week high of Rs 36.26. Returns from the 52-week low stand at 151.81 per cent, indicating multibagger returns. The move was supported by a strong volume spike.

Data Patterns (India) Ltd closed at Rs 1630, up 4.92 per cent from its previous close of Rs 1553.6. The stock experienced a price volume breakout with a trading volume of 41.45 lakh shares. It is trading near its 52-week low, with returns from the 52-week low at 15.98 per cent. The stock remains significantly below its 52-week high of Rs 3655, with a volume spike observed during the session.

Happiest Minds Technologies Ltd ended at Rs 714, registering a 6.17 per cent gain from its previous close of Rs 672.5. The stock had a trading volume of 39.99 lakh shares, indicating a price volume breakout. It is trading near its 52-week low, with returns from the 52-week low at 9.03 per cent. The stock remains below its 52-week high of Rs 956, with a noticeable volume spike.

Following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Price

Volume

1

Shree Rama Newsprint Limited

36.26

56,56,998

2

Data Patterns (India) Ltd

1642.9

41,45,048

3

Happiest Minds Technologies Ltd

721.5

39,98,864

4

Mangalam Global Enterprise Ltd

31.09

20,20,187

5

GlaxoSmithKline Pharmaceuticals Limited

2638.15

12,65,790

6

Indian Hume Pipe Company Limited

373.2

9,29,132

7

Apollo Pipes Ltd

380.2

9,03,479

8

Texmaco Infrastructure & Holdings Limited

101.86

8,56,545

9

Asian Energy Services Ltd

274.45

5,08,284

Disclaimer: The article is for informational purposes only and not investment advice.

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