Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian benchmark indices ended lower on Thursday, halting a seven-day winning streak. After a strong rally of 8.62 per cent over the past seven sessions, markets opened slightly in the red, as investors booked profits. The decline was mainly led by pressure from heavyweight financial and FMCG stocks.
The BSE Sensex slipped by nearly 315 points or 0.39 per cent to settle at 79,801, backing off from the key 80,100 level. Similarly, the Nifty 50 declined 82 points or 0.34 per cent, closing at 24,247. The trading session remained volatile amid rising geopolitical concerns.
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The broader markets also ended in the red, with the Nifty Mid-Cap 100 and Small-Cap 100 slipping 0.13 per cent and 0.04 per cent, respectively. Out of the 17 key sectoral indices, only four managed to close in the green.
Top 3 price-volume breakout stocks:
MMTC Ltd: MMTC Ltd witnessed a sharp move today as it recorded a volume spike with around 5.07 crore shares traded. The stock is currently trading at Rs 61.9, higher than its previous close of Rs 55.83, registering a gain of 10.87 per cent. The movement came along with a price-volume breakout, indicating strong participation. The stock had previously made a 52-week high of Rs 131.8 and has gained 39.10 per cent from its 52-week low. Its market capitalisation stands at Rs 9,311.02 crore. Today's activity reflects a significant uptick in trading interest supported by heavy volumes.
Morepen Laboratories Ltd: Morepen Laboratories Ltd recorded a strong move today with a volume of 3.96 crore shares traded. The stock is currently trading at Rs 62.11, up from its previous close of Rs 54.52, registering a 13.92 per cent increase. This move was accompanied by a price-volume breakout and a visible volume spike. With a 52-week high of Rs 100.9 and a return of 47.88 per cent from its 52-week low, the stock has shown notable traction in recent sessions. Its market capitalisation stands at Rs 3,405.15 crore, with the price move today supported by strong volume activity.
Sonata Software Ltd: Sonata Software Ltd saw a price-volume breakout today, with trading volume reaching approximately 2.84 crore shares. The stock is currently trading at Rs 351.3, up from its previous close of Rs 327.9, marking a rise of 7.14 per cent. The movement came with a volume spike, showing increased participation in the stock. It had touched a 52-week high of Rs 763.7 and has delivered 22.66 per cent returns from its 52-week low. Sonata Software Ltd holds a market capitalisation of Rs 9,874.68 crore. The price and volume action together indicate significant trading interest during the day.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Mmtc Limited
|
61.85
|
5,07,20,553
|
|
2
|
Morepen Laboratories Limited
|
62.22
|
3,95,73,685
|
|
3
|
Sonata Software Limited
|
355.5
|
2,83,71,145
|
|
4
|
Samhi Hotels Ltd
|
193.29
|
2,42,25,765
|
|
5
|
Natco Pharma Limited
|
902.85
|
1,67,27,182
|
|
6
|
Newgen Software Technologies Ltd
|
1101.4
|
1,30,76,873
|
|
7
|
Electrosteel Castings Limited
|
110.53
|
53,82,449
|
|
8
|
Kiocl Limited
|
284.46
|
46,92,170
|
|
9
|
Aptech Limited
|
170.76
|
46,65,967
|
|
10
|
Marksans Pharma Limited
|
228.37
|
37,43,207
|
Disclaimer: The article is for informational purposes only and not investment advice.