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 positive note as Sensex substantially gained by 1.61 per cent and closed at 75,418.04 level, while Nifty soared by 1.33 per cent and closed at 22,898.70 level. Whereas the Broader market also experienced positive performance as Nifty Mid-cap closed higher by 0.43 per cent, while Nifty Small-cap surged by 0.18 per cent.
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Market volatility, as indicated by India VIX, has slightly declined 0.41 per cent but is trading above the level of 21 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd. is currently trading at Rs 186.9, with a previous close of Rs 175.65, marking a 6.40 per cent increase. The stock has reached a high of Rs 191.65 today, with a significant traded volume of 215,698,925 shares. This price and volume breakout, along with an RSI of 73.79 and nearing a 52-week breakout, suggests bullish momentum. The 52-week high for the stock stands at Rs 192.8. The market cap is Rs 243,732.72 crore, and the multibagger one-year returns are 460.90 per cent. This move is likely driven by strong quarterly results and investor sentiment.
Suzlon Energy Ltd: Suzlon Energy Ltd. is currently trading at Rs 48.3, unchanged from the previous close of Rs 46, showing a 5.00 per cent increase. The stock has seen a price volume breakout and a volume spike, with an RSI of 75.46 and a trendline breakout indicating a strong trend. The 52-week high for the stock is Rs 50.6. The market cap is Rs 65,715.97 crore, and the multibagger one-year returns are 405.76 per cent.
Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd. is trading at Rs 372.5, up from the previous close of Rs 341.4, marking a significant 9.11 per cent increase. The stock has experienced a price volume breakout and a volume spike, with an RSI of 83.40 and a breakout to a 52-week high. The stock has touched a high of Rs 374.6 today. The market cap is Rs 77,626.22 crore, and the multibagger one-year returns are 231.77 per cent. This move is influenced by the company's strong quarterly results and optimistic market outlook.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
186.5
|
21,56,98,925
|
|
2
|
Suzlon Energy Ltd
|
48.3
|
9,05,28,423
|
|
3
|
Rail Vikas Nigam Ltd
|
372.25
|
8,90,59,520
|
|
4
|
Shipping Corporation Of India Ltd
|
262.6
|
3,30,22,873
|
|
5
|
Cochin Shipyard
|
1890.2
|
2,07,68,778
|
|
6
|
Garden Reach Shipbuilders & Engineers Ltd
|
1425.6
|
1,46,03,622
|
|
7
|
Mazagon Dock Shipbuilders Ltd
|
3125.75
|
84,75,464
|
|
8
|
Adani Enterprises Ltd
|
3387.3
|
69,79,082
|
|
9
|
Saregama India Ltd
|
466.35
|
69,04,538
|
|
10
|
Bharat Dynamics Ltd
|
2810.55
|
56,71,948
|
Disclaimer: The article is for informational purposes only and not investment advice.