Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex closed down by 0.14 per cent and closed at 78,139.01, while Nifty closed flat by 0.0 per cent and closed at 23,644.80 level. However, the Broader market, Nifty Mid-Cap closed higher by 0.02 per cent at 57,199.45, while Nifty Small-Cap closed lower by 0.69 per cent and closed at 18,769.20.
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Market volatility, as indicated by India VIX, rose by 3.40 per cent and is trading at the level of 14.44 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Rites Ltd: Rites Ltd is currently trading at Rs 291, showing a gain of 8.93 per cent from its previous close of Rs 267.15. The stock has experienced a strong price-volume breakout with a trading volume of 584.29 lakh shares, indicating significant investor interest. Over the past 52 weeks, the stock has seen a high of Rs 412.98, offering returns of 17.96 per cent from its 52-week low. The market cap stands at Rs 14,026.63 crore. The recent volume spike suggests momentum in the stock, making it one to watch in the short term.
Redington Ltd: Redington Ltd is currently trading at Rs 199.6, up by 6.21 per cent from its previous close of Rs 187.93. The stock has witnessed strong buying interest with a traded volume of 268.03 lakh shares. The stock is approaching its 52-week high of Rs 237.55, which suggests it could potentially break resistance levels. With a market cap of Rs 15,642.30 crore, Redington Ltd has provided returns of 25.84 per cent from its 52-week low. The price-volume breakout and volume spike indicate strong momentum, making it an active stock to monitor.
NBCC (India) Ltd: NBCC (India) Ltd is trading at Rs 93.08, reflecting a 5.56 per cent increase from the previous close of Rs 88.18. The stock has been actively traded, with a volume of 159.98 lakh shares, signaling strong interest. With a 52-week high of Rs 139.83, the stock has generated returns of 76.72 per cent from its 52-week low. The breakout in price and volume spike suggests a strong move is underway, reflecting investor optimism. The market cap of Rs 25,058.71 crore underscores the company’s large presence in the market.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Rites Ltd
|
291
|
5,84,22,768
|
|
2
|
Redington (India) Ltd
|
199.6
|
2,68,04,090
|
|
3
|
NBCC (India) Ltd
|
93.08
|
1,59,97,051
|
|
4
|
Avanti Feeds Ltd
|
672
|
1,48,40,326
|
|
5
|
Chennai Petroleum Corporation Ltd
|
627
|
1,32,67,157
|
|
6
|
Niva Bupa Health Insurance Company Ltd
|
84.85
|
54,05,064
|
|
7
|
KIOCL Ltd
|
390.3
|
45,49,310
|
|
8
|
Mukka Proteins Ltd
|
40.99
|
39,26,255
|
|
9
|
Ghcl Ltd
|
723
|
24,59,247
|
|
10
|
Apex Frozen Foods
|
270.72
|
21,11,506
|
Disclaimer: The article is for informational purposes only and not investment advice.