A solid positive breakout is seen in these stocks; do you hold them?
Most sectors closed higher, with BSE Metal & BSE Auto gaining 1.56 per cent, BSE commodities stocks rising 1.19 per cent, and BSE Bankex stocks seeing gains of 1.03 per cent.
Indian equity markets rose by 0.98 per cent on Wednesday, the Nifty 50 and BSE Sensex closed at 21,654 and 72,038 respectively. Mid-Caps gained 0.41 per cent, while Small-Caps zoomed 0.20 per cent. The 1,993 stocks were advancing against every 1,815 declining stocks on Wednesday.
Most sectors closed higher, with BSE Metal & BSE Auto gaining 1.56 per cent, BSE commodities stocks rising 1.19 per cent, and BSE Bankex stocks seeing gains of 1.03 per cent.
Top 3 price-volume breakout stocks
Housing And Urban Development Corp Ltd showcased robust intraday performance, opening at Rs 106 and surging to an impressive high of Rs 115.25. The stock demonstrated resilience by maintaining a strong support level at Rs 106, resulting in a closing price of Rs 115.25. This remarkable upward movement marked a notable 9.24 per cent increase from the previous close, affirming investor confidence and translating into a market capitalization of Rs 22,809.59 crores.
VL E-Governance & IT Solutions Ltd witnessed a compelling intraday rally, commencing at Rs 44.2 and reaching a peak of Rs 49.9. The stock exhibited significant strength, with a solid support base at Rs 44.1, concluding the day at an impressive Rs 49.9. This remarkable surge amounted to a noteworthy 19.95 per cent increase over the previous close, underlining the company's appeal to investors and resulting in a market capitalization of Rs 529.35 crores.
Life Insurance Corporation of India, a stalwart in the financial sector, displayed commendable intraday performance. Starting the day at Rs 785, the stock climbed to a high of Rs 825.95, while maintaining a firm support level at Rs 784.05. The day concluded on a positive note, with the stock closing at Rs 819.8, reflecting a 4.93 per cent increase from the previous close. With a substantial market capitalization of Rs 5,18,643.20 crores, LIC reaffirmed its position as a key player in the market.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Per cent Change
|
Price
|
Volume
|
|
1
|
Housing and Urban Development Corporation
|
8.06
|
114
|
6,33,21,401
|
|
2
|
VL E-Governance & IT Solutions Ltd
|
19.95
|
49.9
|
1,55,53,260
|
|
3
|
Life Insurance Corporation of India
|
5.13
|
821.4
|
1,06,56,808
|
|
4
|
Sona BLW Precision Forgings Ltd
|
6.16
|
614.5
|
1,04,19,288
|
|
5
|
Pennar Industries Limited
|
8.53
|
128.55
|
60,97,594
|
|
6
|
J.kumar Infraprojects Limited
|
5.16
|
624.1
|
58,02,555
|
|
7
|
Kamdhenu Limited
|
18.1
|
364.8
|
33,19,391
|
|
8
|
Amara Raja Energy & Mobility Ltd
|
5.5
|
811.8
|
25,43,721
|
|
9
|
Sharda Cropchem Limited
|
6.42
|
454.8
|
23,07,746
|
|
10
|
TransIndia Real Estate Ltd
|
6.04
|
47.4
|
22,40,843
|
|
11
|
Munjal Auto Industries Limited
|
9.96
|
87.2
|
20,94,806
|
|
12
|
Honasa Consumer Ltd
|
5.73
|
461.5
|
18,99,722
|
|
13
|
Maithan Alloys Limited
|
7.08
|
1237.55
|
15,11,852
|
|
14
|
Munjal Showa Limited
|
8.97
|
148.8
|
14,85,174
|
|
15
|
Xelpmoc Design and Tech Ltd
|
19.99
|
119.45
|
13,46,164
|
|
16
|
Lasa Supergenerics Ltd
|
9.87
|
32.85
|
13,30,791
|
|
17
|
Oricon Enterprises Limited
|
5.34
|
34.55
|
12,65,650
|
|
18
|
AVG Logistics Ltd
|
15.79
|
390.8
|
12,09,041
|
|
19
|
Global Vectra Helicorp Limited
|
19.99
|
132.95
|
11,54,594
|
|
20
|
Pondy Oxides & Chemicals Ltd
|
8.84
|
520.3
|
10,68,710
|
Disclaimer: The article is for informational purposes only and not investment advice.
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