Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 1.18 per cent and closed at 78,782.24, while Nifty closed lower by 1.27 per cent and closed at 23,995.35 level. Similarly, the Broader market, Nifty Midcap closed lower by 1.26 per cent at 55,784.55, while Nifty Smallcap closed lower by 1.97 per cent and closed at 18,424.65.
Market volatility, as indicated by India VIX, rose by 4.97 per cent and is trading at the level of 16.69 reflecting a slight rise in market volatility.
Top 3 price-volume breakout stocks:
Firstsource Solutions Ltd: Currently trading at Rs 355.3, Firstsource Solutions has shown a 4.67 per cent rise from its previous close of Rs 339.45. The stock hit an intraday high of Rs 362 with a trading volume of approximately 1.72 crore shares, indicating a significant volume spike. The stock has delivered multibagger returns from its 52-week low, up 127.03 per cent. With the 52-week high at Rs 378, it appears the price and volume breakout is supported by a bounce from the 20-day EMA, suggesting positive momentum in the current trading environment.
Shree Rama Multi-Tech Ltd: Shree Rama Multi-Tech Ltd is trading at Rs 39.5, achieving the upper circuit limit of 19.99 per cent from its previous close of Rs 32.92, with a trading volume of around 37.73 lakh shares. The stock’s move has led to a 52-week high breakout, with the latest market cap standing at Rs 526.68 crore. Despite its performance today, returns from the 52-week low indicate a negative return of -58.46 per cent. The volume spike highlights heightened trading interest, reflecting strong intraday momentum.
TAJ GVK Hotels and Resorts Ltd: Currently at Rs 321.9, TAJ GVK Hotels and Resorts Ltd has risen by 4.90 per cent from its previous close of Rs 306.85. The stock reached an intraday high of Rs 342.6 with a trading volume of 30.71 lakh shares. Its 52-week high stands at Rs 422.65, while it has generated a return of 50.63 per cent from the 52-week low. The stock has shown a price and volume breakout, and it has rebounded from a support level, underscoring steady momentum in its trading pattern today.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Firstsource Solutions Ltd
|
359.15
|
1,72,88,317
|
|
2
|
Shree Rama Multi-tech Ltd
|
39.26
|
37,73,002
|
|
3
|
Taj Gvk Hotels & Resorts Ltd
|
323.55
|
30,71,402
|
|
4
|
Rainbow Childrens Medicare Ltd
|
1630.35
|
27,10,740
|
|
5
|
Azad Engineering Ltd
|
1577.6
|
24,55,438
|
|
6
|
Pyramid Technoplast Ltd
|
228.84
|
20,66,582
|
|
7
|
HMA Agro Industries Ltd
|
49.07
|
20,61,468
|
|
8
|
Siyaram Silk Mills Ltd
|
616.4
|
19,52,419
|
|
9
|
Elgi Rubber Company Ltd
|
109.5
|
9,82,004
|
Disclaimer: The article is for informational purposes only and not investment advice.