These companies are exhibiting strength as a result of a price volume breakout!
Following a strong week, markets began the new week with minor losses. However, some are showing strength. In this post, we will highlight the top stocks that are experiencing a price volume breakout.
As companies like Reliance, HDFC, TCS, and Infosys are under pressure, key equity indices were trading in the red in early trade. Markets appeared to be under pressure on gloomy global signals. On the sectoral front, the IT, services, and infrastructure sectors underperformed Nifty 50.
Nifty 50 index was trading at 16,144.35 at the time of writing, down 0.47 per cent (76.25 points). Broader market indices, on the other hand, outperformed the Nifty 50, with Nifty Mid-Cap index and Nifty
Despite the fact that markets were trading with minor losses, market breadth was favourable. On the BSE, about 1,781 stocks rose, 1,407 stocks fell, and 178 stocks stayed unchanged.
Foreign Portfolio Investors (FPIs) were net sellers, selling securities worth Rs 109 crore, according to preliminary data issued on July 8. Domestic Institutional Investors (DII) were net buys, purchasing securities worth Rs 35 crore.
On Monday, most Asian markets were trading down as investors waited for US inflation data that might compel another massive boost in interest rates, as well as the start of an earnings season that could put profits under pressure.
The following is a list of companies that have seen a price volume breakout.
|
Stock Name
|
Current Market Price (Rs)
|
Change (%)
|
Volume
|
|
Adani Green Energy Ltd.
|
2,112.2
|
10.0
|
38,47,770
|
|
SUMICHEM
|
492.0
|
4.4
|
11,70,576
|
|
Campus Activewear Ltd.
|
369.1
|
3.7
|
3,32,048
|
|
Elgi Equipments Ltd.
|
370.1
|
3.2
|
4,37,445
|
|
Jindal Steel & Power Ltd.
|
352.6
|
2.7
|
27,07,540
|