Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian benchmark indices extended their winning streak for the sixth straight session on Tuesday, supported mainly by banking stocks. The Sensex closed up 187 points (0.24 per cent) at 79,595, while the Nifty 50 rose 41 points (0.17 per cent) to end at 24,167—crossing its January 2 swing high before profit booking trimmed gains.
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Mid-Cap and Small-Cap indices gained 0.78 per cent and 0.73 per cent. Market breadth remained positive with 1,834 advances against 1,059 declines out of 2,986 stocks. Notably, 71 stocks hit 52-week highs, and 155 were in upper circuit.
Top 3 price-volume breakout stocks:
Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd showed strong activity as it closed at Rs 67.23, up from the previous close of Rs 61.96, marking a gain of 8.51 per cent. The stock saw a traded volume of 1.63 crore shares, indicating increased participation. Currently trading at Rs 67.23, it moved close to its intraday high of Rs 68.19. The stock is 27.99 per cent below its 52-week high of Rs 93.4 but has delivered returns of 33.58 per cent from its 52-week low. The movement was supported by a price volume breakout and volume spike, indicating a strong trading day. The market capitalisation stood at Rs 7,780.50 crore. The price and volume pattern suggests active interest from market participants.
Jammu and Kashmir Bank Ltd: Jammu and Kashmir Bank Ltd ended the day at Rs 113.98, up from the previous close of Rs 108.27, registering a rise of 5.27 per cent. It recorded a traded volume of 1.56 crore shares. The stock reached a high of Rs 116.4 during the day and is currently trading at Rs 113.98. The counter remains 22.60 per cent below its 52-week high of Rs 147.2, with returns of 31.60 per cent from the 52-week low. Volume activity remained strong, supported by a price volume breakout and volume spike. The company’s market capitalisation stood at Rs 12,464.91 crore. The trading session reflected notable price and volume action from the participants.
Som Distilleries and Breweries Ltd: Som Distilleries and Breweries Ltd closed the session at Rs 141.52, gaining 10.24 per cent from the previous close of Rs 128.38. The stock registered a high of Rs 143.4 and is currently trading at Rs 141.52. The day witnessed a traded volume of 1.33 crore shares, showing a strong participation in the counter. It is just 4.95 per cent below its 52-week high of Rs 148.9 and has posted returns of 48.02 per cent from the 52-week low. Volume spike and price volume breakout supported the movement. The market capitalisation of the company stood at Rs 2,932.15 crore. Price and volume dynamics indicate heightened interest in the stock.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Lloyds Engineering Works Ltd
|
66.9
|
1,63,25,390
|
|
2
|
The Jammu & Kashmir Bank Limited
|
114.14
|
1,56,16,710
|
|
3
|
Som Distilleries & Breweries Limited
|
142.35
|
1,33,67,214
|
|
4
|
Tilaknagar Industries Limited
|
297.36
|
1,15,42,181
|
|
5
|
Delta Corp Limited
|
93.23
|
96,51,969
|
|
6
|
Iifl Holdings Limited
|
367.2
|
79,49,631
|
|
7
|
KFin Technologies Ltd
|
1284.4
|
64,57,964
|
|
8
|
Waaree Energies Ltd
|
2615.9
|
60,40,348
|
|
9
|
Electronics Mart India Ltd
|
153.36
|
55,56,369
|
|
10
|
Asahi India Glass Limited
|
715.3
|
46,35,711
|
Disclaimer: The article is for informational purposes only and not investment advice.