Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.02 per cent and closed at 80,065.16, while Nifty closed lower by 0.15 per cent and closed at 24,399.40 level. However, the Broader market, Nifty Mid-Cap closed lower by 0.33 per cent at 56,349.75, while Nifty Small-Cap closed lower by 0.20 per cent and closed at 18,249.15.
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Market volatility, as indicated by India VIX, declined by 4.45 per cent and is trading at the level of 13.97 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks:
Piramal Pharma Limited (PPLPHARMA): Piramal Pharma Limited saw a significant move today as the stock reached Rs 259.9, a new 52-week high, with trading volume at 2361.41 crore. The stock is currently trading at Rs 252.9, a 16.01 per cent increase from the previous close of Rs 217.99. The returns from the 52-week low indicate a gain of 189.03 per cent, marking multibagger returns. The stock experienced a price volume breakout, supported by a volume spike, indicating strong buying interest. The company's market cap now stands at Rs 33,528.10 crore.
Sona Blw Precision Forgings Ltd (SONACOMS): Sona Blw Precision Forgings Ltd witnessed a price volume breakout today, with the stock reaching Rs 744.9 and currently trading at Rs 728. The trading volume was recorded at 275.94 lakh, and the stock has risen by 13.03 per cent from the previous close of Rs 644.1. The stock has bounced from its trendline, and its 52-week high is Rs 768.65. Returns from the 52-week low show a 49.15 per cent gain, and the market cap is Rs 45,347.38 crore.
Aster DM Healthcare Ltd (ASTERDM): Aster DM Healthcare Ltd showed strong momentum today, hitting a high of Rs 457.9, with a trading volume of 224.07 lakh. The stock is currently trading at Rs 441.95, reflecting a 9.94 per cent increase from the previous close of Rs 402. The stock has bounced from its 50-day EMA and remains below its 52-week high of Rs 558. Returns from the 52-week low are at 42.06 per cent. The market capitalization stands at Rs 22,056.20 crore.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Piramal Pharma Ltd
|
255.84
|
9,58,43,793
|
|
2
|
Sona BLW Precision Forgings Ltd
|
729.45
|
2,75,94,375
|
|
3
|
Aster DM Healthcare Ltd
|
443.45
|
2,24,07,283
|
|
4
|
Adani Wilmar Ltd
|
340.3
|
79,68,344
|
|
5
|
Himatsingka Seide Ltd
|
166.75
|
73,54,716
|
|
6
|
Syngene International Ltd
|
879.75
|
32,45,205
|
|
7
|
Adani Total Gas Ltd
|
754.95
|
31,61,397
|
|
8
|
Apollo Micro Systems Ltd
|
98.47
|
28,52,920
|
|
9
|
Bigbloc Construction Ltd
|
130.9
|
23,17,501
|
|
10
|
Soma Textiles & Industries Ltd
|
48.38
|
16,48,495
|
Disclaimer: The article is for informational purposes only and not investment advice.