Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, the market showed positive sentiment, with the Sensex trading up by 0.15 per cent touching 81,867.55 mark, while Nifty increased by 0.24 per cent breaking the level of 25,010,90 points. Furthermore, the broader market showed muted performance, with the Nifty Mid-Cap closing down by 0.85 per cent and the Nifty Small-Cap declined by 0.98 per cent.
Market volatility, as indicated by India VIX, has plunged by 2.42 per cent, closing below 13 this is reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Firstsource Solutions Ltd: Firstsource Solutions Ltd. saw a significant trading day, with its stock price hitting a new 52-week high of Rs 309.3. The company is currently trading at Rs 300.4, up from the previous close of Rs 273.44, marking a 9.86 per cent increase. The trading volume spiked to 6.02 crore shares, indicating strong market interest. This surge resulted in the company's market cap reaching Rs 20,740.73 crore. The stock has delivered impressive returns from its 52-week low, soaring by 113.66 per cent, thereby achieving multibagger status. The RSI stands at 83.6, signaling that the stock is in the overbought territory. The combination of price volume breakout, volume spike, and 52-week high breakout highlights bullish momentum for Firstsource Solutions Ltd.
PCBL Ltd: PCBL Ltd. experienced a robust trading session, achieving a new 52-week high of Rs 359.8. The stock is currently trading at Rs 349.05, up from the previous close of Rs 325.25, showing a 7.32 per cent increase. The trading volume surged to 3.25 crore shares, reflecting heightened investor interest. The market cap now stands at Rs 13,080.96 crore. PCBL Ltd. has provided stellar returns from its 52-week low, climbing by 130.24 per cent, earning it multibagger returns. The RSI is at 76.34, indicating that the stock is overbought. The price volume breakout, volume spike, and 52-week high breakout suggest bullish sentiment.
Adani Energy Solutions Ltd: Adani Energy Solutions Ltd. had a remarkable trading day, with its stock price reaching a new 52-week high of Rs 1348. The stock is currently trading at Rs 1266, up from the previous close of Rs 1138.05, representing an 11.24 per cent increase. The trading volume was significant, with 3.01 crore shares traded, pointing to strong market activity. The company's market cap is now Rs 1,42,111.95 crore. Although the returns from the 52-week low are 84.55 per cent, indicating substantial growth, it does not yet qualify as multibagger returns. The RSI stands at 86.95, suggesting the stock is overbought. The price volume breakout, volume spike, and 52-week high breakout signal a bullish trend for Adani Energy Solutions Ltd.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Firstsource Solutions Ltd
|
301
|
6,02,41,245
|
|
2
|
PCBL Ltd
|
346.85
|
3,25,45,209
|
|
3
|
Adani Energy Solutions Ltd
|
1275.2
|
3,01,07,717
|
|
4
|
Cesc Ltd
|
181.84
|
2,71,63,237
|
|
5
|
Shivam Autotech Ltd
|
54.63
|
1,27,58,178
|
|
6
|
Jubilant Pharmova Ltd
|
866.2
|
1,19,91,520
|
|
7
|
TransIndia Real Estate Ltd
|
50.91
|
1,01,70,710
|
|
8
|
Zaggle Prepaid Ocean Services Ltd
|
362.55
|
1,01,43,828
|
|
9
|
Aster DM Healthcare Ltd
|
368.2
|
96,10,383
|
|
10
|
Tv Today Network Ltd
|
287
|
56,91,073
|
Disclaimer: The article is for informational purposes only and not investment advice.