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 down by 0.57 per cent and closed at 78,248.14, while Nifty closed down by 0.71 per cent and closed at 23,644.90 level. However, the Broader market, Nifty Mid-Cap closed higher by 0.37 per cent at 57,189.75, while Nifty Small-Cap closed lower by 0.62 per cent and closed at 18,639.95.
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Market volatility, as indicated by India VIX, rose by 5.51 per cent and is trading at the level of 13.97 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Greaves Cotton Ltd: Greaves Cotton Ltd is currently trading at Rs 288.87, showing a 2.50 per cent increase from its previous close of Rs 281.83. The stock reached a new 52-week high of Rs 319.5 today, marking a strong price-volume breakout. With a trading volume of 11.74 crore shares, the stock exhibited significant activity. The market capitalization stands at Rs 6,919.98 crore. Notably, Greaves Cotton Ltd has delivered multibagger returns of 157.80 per cent from its 52-week low, highlighting its substantial performance in recent months.
ITI Ltd: ITI Ltd is trading at Rs 375.10, reflecting a 14.29 per cent rise from its previous close of Rs 328.20. The stock is nearing its 52-week high of Rs 404, with a trading volume of 5.88 crore shares indicating a price-volume breakout. The market capitalization of the company is Rs 36,396.55 crore. The returns from the 52-week low stand at 78.62 per cent, showing a strong recovery.
Indian Renewable Energy Development Agency Ltd: Indian Renewable Energy Development Agency Ltd is currently trading at Rs 217.24, an increase of 10.31 per cent from its previous close of Rs 196.94. The stock recorded a high of Rs 222.50 during the day, with a trading volume of 2.71 crore shares. The market capitalization is Rs 58,684.36 crore. It has delivered multibagger returns of 127.36 per cent from its 52-week low, supported by a price-volume breakout.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Greaves Cotton Ltd
|
282.07
|
7,91,34,557
|
|
2
|
Finolex Industries Ltd
|
253.55
|
4,32,83,465
|
|
3
|
Vakrangee Ltd
|
33.19
|
2,28,60,576
|
|
4
|
Devyani International Ltd
|
194.3
|
71,68,787
|
|
5
|
Usha Martin Ltd
|
387
|
62,94,401
|
|
6
|
Aarti Pharmalabs Ltd
|
675.05
|
53,13,813
|
|
7
|
Le Travenues Technology Ltd
|
178
|
46,56,966
|
|
8
|
Garden Reach Shipbuilders & Engineers Ltd
|
1680
|
39,00,270
|
|
9
|
Elgi Rubber Company Ltd
|
145.99
|
32,26,210
|
|
10
|
Ptc India Financial Services Ltd
|
44.49
|
29,16,186
|
Disclaimer: The article is for informational purposes only and not investment advice.