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 positive note as Sensex rose by 1.63 per cent and closed at 84,544.31, while Nifty rose by 1.48 per cent and closed at 25,790.95 level. Similarly, the Broader market, Nifty Mid-Cap closed higher by 1.44 per cent at 60.208.80, while Nifty Small-Cap closed higher by 0.98 per cent and closed at 19,332.15.
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Market volatility, as indicated by India VIX, rose by 2.57 per cent and is trading at the level of 12.79 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks
IRB Infrastructure Developers Ltd: IRB Infrastructure is currently trading at Rs 64.99, showing a 10.13 per cent increase from the previous close of Rs 59.01. The stock reached a high of Rs 65.5 during the day with a traded volume of 13.04 crore shares. IRB's market capitalization stands at Rs 38,178.26 crore, and the stock has delivered multibagger returns of 126.05 per cent from its 52-week low. Despite the strong price movement, the stock remains below its 52-week high of Rs 78.15. The price volume breakout and spike indicate strong buying interest, but the RSI at 52.21 suggests it is trading near neutral levels.
Reliance Infrastructure Ltd: Reliance Infrastructure is trading at Rs 316, up 10.92 per cent from the previous close of Rs 284.89. It touched a high of Rs 327.7 during the day, marking a 52-week high breakout. With a traded volume of 5.69 crore shares, the market cap is Rs 12,538.74 crore. The stock has delivered multibagger returns of 118.76 per cent from its 52-week low. The stock's RSI of 82.12 indicates that it is in an overbought zone, with strong price and volume action.
IIFL Finance Ltd: IIFL Finance is currently trading at Rs 526.5, showing a 6.16 per cent gain from its previous close of Rs 495.95. The stock reached a high of Rs 560.6 during the day, with a traded volume of 4.52 crore shares. Its market capitalization is Rs 22,492.23 crore, and it has generated returns of 73.05 per cent from its 52-week low. The stock failed to sustain the gap-up opening, and despite the strong price volume breakout, it remains below its 52-week high of Rs 683.19. The RSI stands at 64.48, indicating moderate buying pressure.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Irb Infrastructure Developers Ltd
|
63.08
|
13,03,58,748
|
|
2
|
Reliance Infrastructure Ltd
|
316.29
|
5,68,75,659
|
|
3
|
Iifl Holdings Ltd
|
530.35
|
4,51,96,738
|
|
4
|
Housing and Urban Development Corporation
|
251.05
|
3,98,36,437
|
|
5
|
Inox Wind Ltd
|
254.34
|
3,00,82,498
|
|
6
|
Marksans Pharma Ltd
|
318.35
|
2,84,98,783
|
|
7
|
Rail Vikas Nigam Ltd
|
544.25
|
2,50,18,038
|
|
8
|
Prism Johnson Ltd
|
219.54
|
2,13,39,604
|
|
9
|
Devyani International Ltd
|
209.88
|
2,08,54,723
|
|
10
|
Itd Cementation India Ltd
|
562.45
|
1,67,41,450
|
Disclaimer: The article is for informational purposes only and not investment advice.