Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian equity indices closed in the deep red on Friday, weighed by IT stock due to U.S. reciprocal tariff announcement. The Sensex closed almost 935 points or 1.23 per cent lower at 75,360, while the Nifty 50 closed 340 points or 1.49 per cent lower at 22,904, the index is still trading below all important moving averages. The Nifty Bank closed 94 points lower and settled at 51,502, mirroring benchmark indices.
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On the NSE, benchmark index Nifty 50 recorded a 46.66 crore volume, whereas the last 20-day average volume stands at 34.31 crore.
Broader indices traded with huge losses and closed lower, where Nifty Mid-Cap slipped by 2.91 per cent, while Nifty Small-Cap ended lower by 3.56 per cent. India VIX hovered around the 13.75 mark and was up by 1.4 per cent during the day.
Top 3 price-volume breakout stocks:
VIP Clothing Ltd: VIP Clothing Ltd witnessed a strong trading session as the stock closed at Rs 33.7, up from the previous close of Rs 31.19, marking a gain of 8.05 per cent. The traded volume stood at approximately 95.44 lakh shares, indicating a noticeable increase in trading activity. The stock showed signs of a price volume breakout with a visible volume spike. Currently trading at Rs 33.7, the stock remains below its 52-week high of Rs 53.2. From its 52-week low, it has delivered returns of 20.36 per cent. With a market capitalisation of Rs 310.67 crore, the stock is showing strong price movement supported by high volume, indicating participation from market participants. The price movement aligns with volume expansion, which often reflects interest from different types of traders.
Kaveri Seed Company Ltd: Kaveri Seed Company Ltd ended the day at Rs 1445, showing a gain of 8.83 per cent from its previous close of Rs 1327.7. The trading volume was around 37.76 lakh shares, suggesting a significant rise in activity. The stock touched its 52-week high of Rs 1499 during the session, supported by a price volume breakout and volume spike. Currently trading at Rs 1445, the stock has delivered multibagger returns of 122.99 per cent from its 52-week low. The market capitalisation of the company stands at Rs 7448.03 crore. The combination of strong returns, breakout with volume, and price nearing its yearly high highlights the presence of momentum. However, price behaviour should be watched in coming sessions for confirmation of sustained interest.
Bal Pharma Ltd: Bal Pharma Ltd closed the day at Rs 120.36, up 11.09 per cent from the previous close of Rs 108.34. The stock saw a traded volume of about 25.94 lakh shares, reflecting a spike in participation. Currently trading at Rs 120.36, the stock remains below its 52-week high of Rs 157.98. It has shown returns of 54.19 per cent from its 52-week low. With a market cap of Rs 191.62 crore, the stock showed signs of a price volume breakout, backed by a noticeable volume spike. The rise in price with corresponding increase in volume reflects short-term activity, potentially from traders. This movement suggests strength in current trend, but the stock remains at a moderate distance from its yearly high.
Disclaimer: The article is for informational purposes only and not investment advice.