Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.61 per cent and closed at 81,006.61, while Nifty closed lower by 0.89 per cent and closed at 24,749.85 level. Similarly, in the Broader market, the Nifty Mid-Cap closed lower by 1.66 per cent at 58,465.95, while Nifty Small-Cap closed lower by 1.24 per cent and closed at 19,065.95.
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Market volatility, as indicated by India VIX, rose by 2.61 per cent and is trading at the level of 13.39 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Banaras Beads Ltd: Banaras Beads Ltd saw a significant move today, with the stock hitting a 52-week high of Rs 132.34, supported by a volume of 10.78 lakh shares. It is currently trading at Rs 132.34, a 19.99 per cent increase from its previous close of Rs 110.29. The company has a market cap of Rs 88.23 crore, and its price volume breakout is notable. With returns from the 52-week low standing at 61.98 per cent, the stock has seen a strong rally. The high trading volume and price breakout suggest increased market interest.
Manba Finance Ltd: Manba Finance Ltd recorded a 52-week high of Rs 171.8, with trading volume reaching 48.73 lakh shares. It is currently trading at Rs 165.55, up 11.70 per cent from the previous close of Rs 148.21. The company’s market cap is Rs 840.98 crore. The stock has returned 29.34 per cent from its 52-week low, experiencing a price volume breakout. The large volume spike and high price movement suggest increased buying interest.
Asian Hotels (East) Ltd: Asian Hotels (East) Ltd saw a 52-week high of Rs 196.9, with a trading volume of 7.62 lakh shares. It is currently trading at Rs 183, up 6.23 per cent from the previous close of Rs 172.27. The market cap of the company stands at Rs 316.44 crore. The stock has returned 47.94 per cent from its 52-week low, showing a price volume breakout. The volume spike and 52-week high breakout reflect a significant movement in the stock price.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Karur Vysya Bank Limited
|
214.5
|
1,44,01,287
|
|
2
|
Mphasis Limited
|
3090.95
|
53,57,413
|
|
3
|
Manba Finance Ltd
|
165.55
|
48,75,368
|
|
4
|
Banaras Beads Limited
|
132.34
|
10,78,052
|
|
5
|
Aarvi Encon Ltd
|
153.15
|
8,07,063
|
|
6
|
Asian Hotels (east) Limited
|
183
|
7,62,099
|
Disclaimer: The article is for informational purposes only and not investment advice.