Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded trading day on a positive note as Sensex moderately declined by 0.27 per cent and closed at 76,490.08 level, while Nifty plunged by 0.13 per cent and closed at 23,259.20 level. Whereas the Broader market also experienced gains as Nifty Mid-Cap closed slightly higher by 0.08 per cent, while Nifty Small-Cap soared by 1.51 per cent.
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Market volatility, as indicated by India VIX, has slightly declined by 2.71 per cent and is trading around the level of 16 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Samvardhana Motherson International Ltd: Samvardhana Motherson International Ltd saw a high of Rs 165.49 today with a traded volume of 48,604,636 shares. It is currently trading at Rs 164.29, slightly below its high but up from the previous close of Rs 156.70, marking a 4.84 per cent increase. The stock has achieved a 52-week high at Rs 165.49 and boasts a market cap of Rs 111,587.53 crore. The stock has shown multibagger returns, surging 104.47 per cent from its 52-week low. With indicators like a price volume breakout, a volume spike, and a 52-week high breakout, the Relative Strength Index (RSI) is at a robust 76.56, suggesting strong momentum. The significant trading volume and breakout signals indicate heightened investor interest and potential for further gains.
IFCI Ltd: IFCI Ltd hit a high of Rs 62.30 today with an impressive traded volume of 50,644,744 shares. It is currently trading at Rs 60.48, up from the previous close of Rs 57.60, reflecting a 5.00 per cent rise. The stock's 52-week high stands at Rs 71.80 and its market cap is Rs 15,901.52 crore. With a return of 428.21 per cent from its 52-week low, it demonstrates multibagger performance. The stock is showing a price volume breakout, a volume spike, and is bouncing from support, with an RSI of 59.09. The substantial trading volume and recovery from support levels indicate strong investor confidence and potential for continued upward movement.
Jain Irrigation Systems Ltd: Jain Irrigation Systems Ltd reached a high of Rs 76.35 today with a traded volume of 44,736,103 shares. Currently, it is trading at Rs 74.34, significantly above the previous close of Rs 67.25, showing a robust 10.54 per cent gain. The stock has reached a 52-week high at Rs 76.35 and has a market cap of Rs 4,978.33 crore. It has risen by 94.35 per cent from its 52-week low. With indicators such as a price volume breakout, a volume spike, and a 52-week high breakout, the RSI stands at 64.92, indicating strong momentum. The heavy trading volume and breakout signals suggest continued strong investor interest and potential for further appreciation.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ifci Ltd
|
60.75
|
5,06,63,226
|
|
2
|
Motherson Sumi Systems Ltd
|
164.58
|
4,86,04,636
|
|
3
|
Jain Irrigation Systems Ltd
|
73.67
|
4,47,57,295
|
|
4
|
Housing and Urban Development Corporation
|
267.3
|
4,01,62,176
|
|
5
|
Zee Entertainment Enterprises Ltd
|
164.41
|
3,62,27,048
|
|
6
|
National Fertilizers Ltd
|
115.43
|
3,48,75,349
|
|
7
|
Rashtriya Chemicals And Fertilizers Ltd
|
168.1
|
2,41,32,711
|
|
8
|
Heritage Foods Ltd
|
695.05
|
2,04,39,142
|
|
9
|
Karur Vysya Bank Ltd
|
215.1
|
1,65,05,917
|
|
10
|
Reliance Infrastructure Ltd
|
185.54
|
1,58,52,173
|
Disclaimer: The article is for informational purposes only and not investment advice.