he industry, already on a high-growth trajectory, is hoping for a shot in the arm from the government in the form of policy incentives and financial support.

With the interim budget of 2024 looming on the horizon, the spotlight is firmly fixed on infrastructure stocks.

Indian equity markets rose by 0.14 per cent on Wednesday, the Nifty 50 and BSE Sensex closed at 19,811 and 66,023 respectively. Mid-caps gained 0.15 per cent, while small-caps dipped 0.22 per cent. The 50 stocks were advancing against every 67 declining stocks on Wednesday.

Are you looking for a powerful stock to trade? Check out this article that discusses about the stock that broke out from a falling wedge pattern with volume spike of over 5800 per cent.

JK Paper (NSE Code: JKPAPER) is the leading paper producer of office papers, coated papers and packaging boards. The company has a robust distribution network and aims to reduce the turnaround time in servicing customers.

Nifty 50 opened flat with an upward bias on favourable global trends. In this post, we have highlighted the list of powerful stocks that are experiencing a strong positive breakout.

In the last financial year, the company reduced its debt from Rs 583 crore to Rs 315 crore; so, the net debt reduction is about Rs 268 crore. The debt-to-equity stands at 0.17x.   

Interestingly, the stock, in the first hour of the trading itself, has witnessed a huge surge in the volume as it managed to cross a volume of 25 lakh shares. 

The stock is trading above its important moving average of 20, 50 & 200-DMA. Moreover, these moving averages are in the desired sequence and all the moving averages are in a rising trajectory.

The breakout has been witnessed along with a huge spike in the volumes as the stock has registered highest single-day volume since August 30, 2021. Interestingly, the 14-period daily RSI has honoured the RSI super bullish range Shift rule.