Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded trading day on a positive note as Sensex moderately gained by 0.36 per cent and closed at 74,221.06 level, while Nifty gained by 0.31 per cent and closed at 22,597.80 level. Whereas the Broader market experienced mixed performance as Nifty Mid-Cap closed higher by 0.19 per cent, while Nifty Small-Cap plunged by 0.35 per cent.
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Market volatility, as indicated by India VIX, has declined 1.57 per cent but is trading above the level of 21 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
IRB Infrastructure Developers Ltd: IRB Infrastructure Developers Ltd saw a significant price volume breakout today with a notable volume spike, trading at Rs 73.5 with a high of Rs 74.4, up from the previous close of Rs 69.3. The traded volume hit an impressive 125,764,439 shares. This represents a 6.06 per cent increase, marking a 52-week breakout at Rs 74.4. The market cap stands at Rs 44,327.44 crore, with the RSI at 67.12 indicating bullish momentum. The stock has delivered multibagger returns of 164.98 per cent over the past year. The company has distributed a dividend of Rs 0.10 per share on the ex-divided date of May 15, 2024.
PNC Infratech Ltd: PNC Infratech Ltd experienced a robust price volume breakout today, with the stock reaching a high of Rs 535.5 and currently trading at Rs 517.8, up from the previous close of Rs 457.85. The traded volume was substantial at 21,048,067 shares. This reflects a significant 13.09 per cent increase, hitting a new 52-week high. The market cap is Rs 13,277.85 crore, and the RSI is at 78.82, indicating strong buying pressure. The stock has shown a 61.95 per cent return over the past year, highlighting a range breakout. This bullish move is driven by the company's latest Quarterly Results.
Morepen Laboratories Ltd: Morepen Laboratories Ltd demonstrated a strong gap-up opening with a price volume breakout today, trading at Rs 50.75 after reaching a high of Rs 52.2. The stock previously closed at Rs 47.6, marking a 6.62 per cent increase. The traded volume surged to 20,274,397 shares. The stock's RSI is at 62.27, suggesting upward momentum, and the 52-week high is Rs 56.4. The market cap is Rs 2,598.88 crore, and it has yielded a remarkable 97.09 per cent return over the past year. This uptrend is a result of the company’s positive quarterly results.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Irb Infrastructure Developers Ltd
|
73.4
|
12,57,65,937
|
|
2
|
Pnc Infratech Ltd
|
517.6
|
2,10,53,297
|
|
3
|
Morepen Laboratories Ltd
|
50.85
|
2,02,74,797
|
|
4
|
General Insurance Corporation of India
|
379.3
|
1,56,08,508
|
|
5
|
New India Assurance Company Ltd
|
245.4
|
1,14,77,353
|
|
6
|
Fiberweb (India) Ltd
|
41.35
|
45,43,743
|
|
7
|
CIE Automotive India Ltd
|
530.3
|
44,50,019
|
|
8
|
Anant Raj Global Ltd
|
183.1
|
39,63,887
|
|
9
|
Zaggle Prepaid Ocean Services Ltd
|
310.55
|
34,17,871
|
|
10
|
Ge Power India Ltd
|
399.4
|
32,02,075
|
Disclaimer: The article is for informational purposes only and not investment advice.