Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded trading day on a negative note as Sensex moderately declined by 0.52 per cent and closed at 73,511.85 level, whereas Nifty plunged by 0.62 per cent and closed at 22,302.50 level. Similarly, the Broader market experienced substantial losses as Nifty Mid-Cap closed lower by 1.95 per cent, while Nifty Small-Cap plummeted by 1.89 per cent.
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Market volatility, as indicated by India VIX, has surged by 2.45 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Marico Ltd: Today, Marico Ltd showed an impressive surge with a high of Rs 586 and a trading volume of 35,041,160 shares, currently trading at Rs 582.1. This represents a notable increase of 9.77 per cent from its previous close of Rs 530.3. The stock opened with a significant gap up, likely driven by positive Quarterly Results and is trading near its 52-week high of Rs 595. Investors seem highly optimistic with a Relative Strength Index (RSI) at a high 83.46, indicating potential overbought conditions, and an impressive 1-year return of 14.19 per cent. The market responded positively to the declared interim dividend of Rs 6.50 per share, reinforcing bullish sentiment amid a high trading volume.
Dabur India Ltd: Dabur India Ltd today experienced a robust trading session with a high of Rs 566.9 and a volume of 14,721,222 shares, currently priced at Rs 557.95. This is an increase of 5.11 per cent compared to the previous close of Rs 530.8. Despite trading within a declining channel, the stock exhibited a strong bullish move today, supported by a spike in volume and a high RSI of 76.03, suggesting strong buying interest. The stock's 52-week high stands at Rs 597.1 with a solid 1-year return of 9.93 per cent, indicating consistent growth. Today’s price and volume breakout signals investor confidence in Dabur’s market position and future prospects.
Jyothy Labs Ltd: Jyothy Labs Ltd has shown a powerful performance today, hitting a high of Rs 459.9 and trading at Rs 458, a sharp increase of 10.53 per cent from its previous close of Rs 414.35. With a trading volume of 8,813,505 shares, the stock broke out from its recent trading range, supported by a robust volume spike. The stock's RSI stands at 60.18, reflecting strong momentum. Jyothy Labs has exhibited multibagger returns of 129.78 per cent over the past year, with the current price nearing its 52-week high of Rs 554. Today's surge underscores strong investor interest and confidence in the stock’s growth trajectory.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Marico Ltd
|
583.5
|
3,50,41,353
|
|
2
|
Dabur India Ltd
|
558.45
|
1,47,20,921
|
|
3
|
Jyothy Laboratories Ltd
|
456.55
|
88,14,446
|
|
4
|
Hindustan Unilever Ltd
|
2379.4
|
82,77,787
|
|
5
|
Godrej Consumer Products Ltd
|
1322.35
|
81,82,447
|
|
6
|
Kokuyo Camlin Ltd
|
163.65
|
56,48,840
|
|
7
|
Arvind Ltd
|
360
|
29,06,968
|
|
8
|
Navneet Education Ltd
|
157.65
|
20,87,451
|
|
9
|
Selan Exploration Technology Ltd
|
708.1
|
17,22,372
|
|
10
|
Allsec Technologies Ltd
|
957.7
|
16,02,260
|
Disclaimer: The article is for informational purposes only and not investment advice.