Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded trading day on a positive note as Sensex significantly gained by 3.39 per cent and closed at 76,468.78 level, while Nifty surged by 3.25 per cent and closed at 23,263.90 level. Similarly, the Broader market also experienced gains as Nifty Mid-Cap closed higher by 3.19 per cent, while Nifty Small-Cap soared by 2.41 per cent.
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Market volatility, as indicated by India VIX, has declined by 14.9 per cent and is trading around the level of 20 reflecting decreased market volatility.
Top 3 price-volume breakout stocks
IRB Infrastructure Developers Ltd: IRB Infrastructure Developers Ltd has shown a strong performance today with a high of Rs 74.6 and a significant traded volume of 173,742,360 shares. The stock is currently trading at Rs 72.9, up from its previous close of Rs 66.1, marking a 10.29 per cent increase. The company is nearing its 52-week high of Rs 76.55, with a market cap of Rs 44,031.59 crore. Notably, it has delivered multibagger returns of 192.18 per cent from its 52-week low, driven by a price volume breakout and a volume spike. The RSI stands at 57.87, indicating a moderate momentum as it approaches its 52-week high.
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd has reached a high of Rs 200 today, with a substantial traded volume of 112,293,004 shares. The stock is currently trading at Rs 189.7, up from its previous close of Rs 177.8, resulting in a 6.69 per cent increase. The stock has broken through its 52-week high of Rs 200 and boasts a market cap of Rs 246,929.30 crore. It has provided impressive multibagger returns of 497.48 per cent from its 52-week low, reflecting a price volume breakout and a volume spike. The RSI is at 69.35, indicating strong bullish momentum as it achieves new highs.
GAIL (India) Ltd: GAIL (India) Ltd has hit a high of Rs 233.2 today with a traded volume of 106,239,940 shares. The stock is currently trading at Rs 230.05, up from its previous close of Rs 204.3, indicating a robust 12.60 per cent increase. The stock has reached its 52-week high of Rs 233.2, with a market cap of Rs 151,617.10 crore. It has shown multibagger returns of 122.70 per cent from its 52-week low, supported by a price volume breakout and a volume spike. The RSI is exceptionally low at 7.55, highlighting a potential overbought situation as it hits its 52-week high.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Irb Infrastructure Developers Ltd
|
72.8
|
17,37,42,360
|
|
2
|
Indian Railway Finance Corporation Ltd
|
188.95
|
11,22,93,004
|
|
3
|
Gail (india) Ltd
|
230.8
|
10,62,39,940
|
|
4
|
Punjab National Bank
|
137
|
9,59,48,403
|
|
5
|
Central Bank Of India
|
72.3
|
9,53,96,194
|
|
6
|
Bank Of Baroda
|
296.95
|
7,48,18,392
|
|
7
|
Bharat Electronics Ltd
|
318.65
|
6,72,56,146
|
|
8
|
Uco Bank
|
61.8
|
6,49,99,162
|
|
9
|
State Bank Of India
|
905.65
|
6,42,69,020
|
|
10
|
Rail Vikas Nigam Ltd
|
404.55
|
6,35,11,113
|
Disclaimer: The article is for informational purposes only and not investment advice.