Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded trading day on a lower note as Sensex significantly declined by 1.45 per cent and closed at 72,404.17 level, while Nifty also plunged by 1.55 per cent and closed at 21,957.50 level. Similarly, the Broader market experienced substantial losses as Nifty Mid-Cap closed substantially lower by 1.85 per cent, while Nifty Small-Cap plummeted by 2.83 per cent.
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Market volatility, as indicated by India VIX, has surged by 6.92 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Adani Power Ltd: Adani Power Ltd is trading at Rs 611.5, up by 5.31 per cent from its previous close of Rs 580.65, reflecting investor optimism. The stock reached a high of Rs 622 today and has seen significant trading activity with a volume of over 20 million shares, indicating a strong price volume breakout. Adani Power is capturing investor interest with a market cap of Rs 236673.83 crore and having delivered multibagger returns of 155.33 per cent over the past year. Technical indicators like a volume spike and a Relative Strength Index (RSI) at 58 support this momentum, suggesting the stock might soon retest its 52-week high of Rs 646.9.
Kirloskar Electric Company Ltd: Kirloskar Electric Company Ltd is enjoying a bullish phase, currently trading at Rs 170, which marks a 5.75 per cent increase from its previous close of Rs 160.75. The stock touched its 52-week high of Rs 185.7 today, propelled by a significant trading volume of approximately 7.8 million shares, demonstrating a robust price volume breakout. The market cap stands at Rs 1136.23 crore, and the stock has gained 50.46 per cent in returns over the last year. The RSI is notably high at 78.25, signaling potential overbought conditions, but the momentum may continue, supported by today's volume spike.
Vijaya Diagnostic Centre Ltd: Vijaya Diagnostic Centre Ltd reported its Quarterly Results on May 8, 2024, which likely influenced its current trading price of Rs 727, up 7.29 per cent from its previous close of Rs 677.6. The stock achieved a new 52-week high of Rs 737 today, with a trading volume of over 3.5 million shares, indicating strong investor interest and a price volume breakout. The stock shows solid growth potential with a market cap of Rs 7483.06 crore and impressive year-on-year returns of 100.01 per cent. The RSI stands at 65.67, suggesting healthy momentum, which might be sustained by the positive response to its recent quarterly results.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Adani Power Limited
|
612.8
|
2,02,59,585
|
|
2
|
Kirloskar Electric Company Limited
|
170.55
|
78,18,542
|
|
3
|
Vijaya Diagnostic Centre Ltd
|
730.25
|
35,13,457
|
|
4
|
Adf Foods Limited
|
234.2
|
17,59,888
|
|
5
|
Skf India Limited
|
4935
|
8,01,695
|
|
6
|
IRIS Business Services Ltd
|
190.8
|
7,45,937
|
Disclaimer: The article is for informational purposes only and not investment advice.