Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.39 per cent and closed at 81,501.36, while Nifty closed lower by 0.34 per cent and closed at 24,971.30 level. However, the Broader market, Nifty Mid-Cap closed lower by 0.24 per cent at 59,451.85, while Nifty Small-Cap closed higher by 0.01 per cent and closed at 19,304.90.
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Market volatility, as indicated by India VIX, rose by 0.38 per cent and is trading at the level of 13.22 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks:
Railtel Corporation of India Ltd: Railtel is currently trading at Rs 435.1, reflecting a 6.62 per cent increase from the previous close of Rs 408.1. Today's traded volume stood at 2.97 crore shares. The stock reached a high of Rs 449 during the day, with a 52-week high of Rs 617.8. The stock has delivered multibagger returns, with a rise of 114.86 per cent from its 52-week low. The significant price movement was accompanied by a notable volume spike, indicating strong activity in the stock.
Rallis India Ltd: Rallis India is currently trading at Rs 362.3, marking a 12.34 per cent rise from the previous close of Rs 322.5. The traded volume today was 2.90 crore shares, with the stock hitting a 52-week high of Rs 378.7 during the day. The stock has gained 76.65 per cent from its 52-week low. The price-volume breakout and the 52-week high breakout were notable events, signaling active trading in the stock.
Meghmani Organics Ltd: Meghmani Organics is trading at Rs 114.8, up by 7.16 per cent from the previous close of Rs 107.13. The traded volume for the day reached 1.19 crore shares. The stock touched a new 52-week high of Rs 115.25 during the session and has delivered a 60.78 per cent return from its 52-week low. The price-volume breakout and 52-week high breakout were accompanied by a significant volume increase.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Railtel Corporation of India Ltd
|
438.65
|
2,96,65,352
|
|
2
|
Rallis India Ltd
|
368.05
|
2,90,14,077
|
|
3
|
Meghmani Organics Ltd
|
114.49
|
1,18,98,571
|
|
4
|
Aditya Birla Sun Life AMC Ltd
|
779.05
|
89,73,286
|
|
5
|
Orient Cement Ltd
|
328.65
|
77,46,561
|
|
6
|
Precision Camshafts Ltd
|
301.79
|
65,69,000
|
|
7
|
Vishnu Prakash R Punglia Ltd
|
299.4
|
64,29,897
|
|
8
|
Munjal Auto Industries Ltd
|
142.24
|
36,10,449
|
|
9
|
HDFC Asset Management Company Ltd
|
4827.9
|
33,65,056
|
|
10
|
Geojit Financial Services
|
144.64
|
31,51,563
|
Disclaimer: The article is for informational purposes only and not investment advice.