Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a negative note as Sensex declined by -1.24 per cent and closed at 81,183.93, while Nifty declined by 1.17 per cent and closed at 24,852.15 level. Similarly, the Broader market, Nifty Mid-Cap closed lower by 1.59 per cent at 58,501.95, while Nifty Small-Cap declined by 1.25 per cent and closed at 19,276.05.
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Market volatility, as indicated by India VIX, has surged by 7.11 per cent and is trading at the level of 15.22 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks
Nectar Lifesciences Ltd: Nectar Lifesciences Ltd reached a high of Rs 53.8 on Friday, with a trading volume of 2.91 crores shares. The stock is currently trading at Rs 51.12, reflecting an 8.19 per cent increase from its previous close of Rs 47.25. The stock has reached a new 52-week high of Rs 53.8. The company's market cap stands at Rs 1,155.75 crore, with returns from the 52-week low at 137.77 per cent, indicating multibagger returns. The stock showed a price-volume breakout and experienced a significant volume spike, leading to a 52-week high breakout. The RSI is currently at 83.64.
Nandan Denim Ltd: Nandan Denim Ltd hit a high of Rs 59.95 on Friday, with a trading volume of 2.53 crores shares. The stock is currently trading at Rs 59.32, a 14.65 per cent increase from its previous close of Rs 51.74. The stock has reached its 52-week high of Rs 59.95. The market cap is Rs 852.57 crore, with returns from the 52-week low at 190.78 per cent, signifying multibagger returns. The stock experienced a price-volume breakout, with a notable volume spike leading to a 52-week high breakout. The RSI is at 78.14.
Nupur Recyclers Ltd: Nupur Recyclers Ltd recorded a high of Rs 129.11 on Friday, with a trading volume of 83.82 lakh shares. The stock is currently trading at Rs 121, reflecting a 3.89 per cent increase from its previous close of Rs 116.47. The stock has hit a new 52-week high of Rs 129.11. The company's market cap stands at Rs 830.53 crore, with returns from the 52-week low at 110.91 per cent, indicating multibagger returns. The stock experienced a price-volume breakout and saw a volume spike leading to a 52-week high breakout. The RSI is at 78.38.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Nectar Lifesciences Ltd
|
51.67
|
2,91,14,212
|
|
2
|
Nandan Denim Ltd
|
59.31
|
2,53,42,098
|
|
3
|
Nupur Recyclers Ltd
|
122.4
|
83,84,452
|
|
4
|
Indegene Ltd
|
664.7
|
70,02,769
|
|
5
|
AGS Transact Technologies Ltd
|
111.43
|
69,67,005
|
|
6
|
Dreamfolks Services Ltd
|
496.8
|
48,54,328
|
|
7
|
Surana Solar Ltd
|
43.56
|
32,68,158
|
|
8
|
Gujarat Fluorochemicals Ltd
|
3808.9
|
28,38,149
|
|
9
|
Indo Amines Ltd
|
208.77
|
27,73,174
|
|
10
|
SPML Infra Ltd
|
264.6
|
27,36,651
|
Disclaimer: The article is for informational purposes only and not investment advice.