A solid positive breakout is seen in these stocks; do you hold them?
Most sectors closed higher, with BSE Utilities gaining 2.46 per cent, Power up 2.43 per cent, Oil & Gas stocks rising 1.72 per cent, and BSE Services stocks seeing gains of 1.68 per cent.
Indian equity markets rose by 0.51 per cent on Thursday, the Nifty 50 and BSE Sensex closed at 21,255 and 70,865 respectively. Mid-Caps gained 1.16 per cent, while Small-Caps zoomed 1.69 per cent. The 47 stocks were advancing against every 20 declining stocks on Thursday.
Most sectors closed higher, with BSE Utilities gaining 2.46 per cent, Power up 2.43 per cent, Oil & Gas stocks rising 1.72 per cent, and BSE Services stocks seeing gains of 1.68 per cent.
Top 3 price-volume breakout stocks
Indian Railway Finance Corp Ltd exhibited a robust performance, opening at Rs 90.9 and reaching an intraday high of Rs 99.8. The stock experienced a low of Rs 87.1 before settling at the current market price (CMP) of Rs 99.35. This represents a notable uptick of 7.46 per cent from the previous close of Rs 92.45, underlining a positive trend in investor sentiment. The market capitalization for the company stands at Rs 128,986.92 crore.
Hindustan Copper Ltd. demonstrated a substantial intraday movement, commencing at Rs 195.85 and surging to an intraday high of Rs 220.3. The stock's intraday low was Rs 193.25, while it concluded the session at the CMP of Rs 217.45. This impressive performance reflects a significant gain of 10.61 per cent compared to the previous close of Rs 196.6. The market capitalization for Hindustan Copper Ltd. is currently valued at Rs 21,037.15 crore.
Steel Authority of India Ltd also showcased a positive intraday trajectory, opening at Rs 103.85 and reaching an intraday high of Rs 109.9. The stock's intraday low touched Rs 102.15, with the CMP settling at Rs 109.2. The intraday gain of 5.30 per cent from the previous close of Rs 103.7 underscores a favourable market response. The market capitalization for Steel Authority of India Ltd stands at Rs 45,022.63 crore.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Per cent Change
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
6.92
|
98.85
|
28,09,04,719
|
|
2
|
Hindustan Copper Limited
|
10.83
|
217.9
|
6,55,82,004
|
|
3
|
Steel Authority Of India Limited
|
5.11
|
109
|
5,21,13,508
|
|
4
|
Irb Infrastructure Developers Limited
|
6.81
|
41.55
|
4,46,63,321
|
|
5
|
Sjvn Limited
|
7.15
|
89.95
|
4,29,00,547
|
|
6
|
National Aluminium Company Limited
|
5.85
|
110.4
|
3,73,56,676
|
|
7
|
Nhpc Limited
|
5.14
|
63.45
|
3,28,89,189
|
|
8
|
Indian Railway Catering & Tourism Corporation Ltd
|
6.51
|
868.25
|
2,51,59,581
|
|
9
|
Nmdc Limited
|
5.59
|
193.65
|
2,45,20,581
|
|
10
|
Mahanagar Telephone Nigam Limited
|
7.28
|
32.4
|
1,79,74,514
|
|
11
|
RattanIndia Enterprises Ltd
|
5.06
|
78.9
|
1,64,07,351
|
|
12
|
Zensar Technologies Limited
|
8.92
|
624.9
|
64,86,802
|
|
13
|
Ami Organics Ltd
|
5.19
|
1140.1
|
64,50,058
|
|
14
|
Cochin Shipyard
|
6.19
|
1300.4
|
54,18,367
|
|
15
|
Hbl Power Systems Limited
|
7.05
|
438.9
|
53,55,307
|
|
16
|
Aurobindo Pharma Limited
|
5.75
|
1092.15
|
50,48,558
|
|
17
|
Shyam Metalics & Energy Ltd
|
9.75
|
571.9
|
48,20,043
|
|
18
|
Hindcon Chemicals Ltd
|
18.55
|
58.15
|
39,72,449
|
|
19
|
Delhivery Ltd
|
6.19
|
387.95
|
37,15,144
|
|
20
|
Sona BLW Precision Forgings Ltd
|
6.21
|
571.4
|
34,42,828
|
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here