In the past week, the stock returned 11.93 per cent; over the past month, it delivered 10.91 per cent; over the past 3 months, 33.33 per cent; over the past 6 months, 31.89 per cent; and YTD, it has returned 22 per cent.

The company's shares have a PE of 28x, an ROE of 6 per cent and an ROCE of 10 per cent.

As of July 11, 2024, stock is trading at Rs.120.15, showing a strong upward trend in the medium to long term. This stock has caught the eye of investors due to its optimistic outlook, evidenced by its rising trend channel.

Market volatility, as measured by the India VIX, has fallen by 2.36 per cent, signifying a drop in market volatility.

The market opened at 21,747.60 but failed to sustain the initial momentum, reaching a high of 21,763.95 and a low of 21,492.90.

The market exhibited a fluctuating trend throughout the day, with the index reaching a high of 21,677.00 and a low of 21,500.35.

Here are the top three stocks below Rs 100 to monitor for the upcoming week, having witnessed a breakout:

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.

The stock has performed admirably over the last month, increasing by 25.57 per cent. Over the last three months, the firm has grown by 59.35 per cent. The one-year performance shows a significant increasing trend, with a noteworthy 67.08 per cent increase. Furthermore, Puravankara Ltd has demonstrated extraordinary endurance and continuous development over the previous three years by gaining a multibagger returns of 151.48 per cent.

The banking sector led the gains, posting an increase of 3.61 per cent. Following closely behind were the financial services and oil- gas sector, both exhibiting robust performances with gains more than 3 per cent.

The media sector led the gains, posting an increase of 2.57 per cent. Following closely behind were the PSU banks and FMCG, both exhibiting robust performances with gains more than 1.5 per cent.

The company's financial performance for the quarter ended November 7, 2023, was strong, with both revenue and profit increasing from the previous quarter. Total revenue from operations increased by 11.85 per cent to Rs. 39.80 crores, while net profit increased by 10.26 per cent to Rs. 5.65 crores. The company's stock price also reflected its strong performance, reaching a new 52-week high of Rs. 344.00 on November 7, 2023, on high volume.

Are you looking for breakout stocks to trade today? Checkout this article that lists stocks that have seen a solid price volume breakout.

Are you looking to trade a solid breakout stock? Checkout our article that lists top stocks that have seen a solid positive breakout.

The stock is up by 5.97 per cent in one day while BSE Sensex is just up by 0.45 per cent in one day.   

The stock has registered a fresh 52-week high. Interestingly, the volume traded for the day was the highest ever seen, which was close to 17.8 lakh shares.   

Interestingly, the 20-day average delivery volume stands nearly at 44.15 per cent, which is quite attractive.

The stock jumped more than 4 per cent on Wednesday and as a result, it has logged a fresh 52-week high.

For the market, every adversity is an opportunity and thus, this current geopolitical tension between Russia and Ukraine is also an opportunity in disguise for some.

As the stock is trading near its all-time high, it is above all the short and long-term moving averages. This setup is indicating a clear uptrend in the picture of the stock.

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.   

It seems that the month of February belongs to Adani! Just a week ago, it was Gautam Adani, who was in the news for surpassing Mukesh Ambani as Asia’s richest person.

All sectoral indices are on a bull run today with IT stocks leading the pack. While significant gains were also seen in Realty, Oil & Gas, Auto and Information Technology. The benchmark indices at BSE soared along with broad-based indices. Today the FII net selloff was recorded at Rs -5,045.34 crore and a DII inflow of Rs 3,358.67 crore was recorded.  

One such sector was Nifty PSU Bank, which gained as much as 16.45 per cent and emerged as the top-performing sector of the month. Interestingly, all the stocks of this sector have managed to deliver positive returns in the month of January. However, one stock that commands special attention is 

The Indian Indices corrected steeply on Monday and followed the Friday fall. The benchmark indices at BSE and NSE fell sharply by over 2 per cent each as concerns mounted over the spread of the new covid variant and weak global cues. The BSE Realty, Metal, and Consumer Durables Sectors weighed the most on pushing benchmarks Sensex and Nifty 50 off the cliff. Today the FII net selloff was recorded at Rs -3148.58 crore, and a DII inflow of Rs 269.36 crore was recorded

Despite the selling pressure witnessed in markets, we have come out with a list of stocks that are capable of relatively outperforming in the near term. These stocks are selected based on the T20 Breakout system.   

Volume for the day has already surpassed its prior trading sessions’ volume and in fact, it’s the highest since January 12. Moreover, the stock is trading just 4 per cent away from its 52-week high. 

Interestingly, Nifty oscillated in the range of just 92 points, which is the lowest daily range in the last seven trading sessions. As a result, it has led to the formation of the NR7 bar.

Structurally, the stock has been making a higher high and higher low on the weekly chart, indicating a positive price structure. As the stock is trading at a 31-week high, all the short and long-term moving averages are trending upside. The 20, 50 & 200-DMA are clearly trending up and moreover, they are in the desired sequence.   

The broader market indices yet again outperformed the headline indices. Considering the bulls have seen a follow-through move on Thursday along with a dip in India VIX and outperformance by the broader markets, we believe that the rally may extend further. Hence, we have come out with a list of stocks based on the T20 breakout system.  

The breakout has been witnessed along with a huge spike in the volumes as the stock has registered highest single-day volume since August 30, 2021. Interestingly, the 14-period daily RSI has honoured the RSI super bullish range Shift rule.

The current market scenario seems more like a trading market than an investing market. A scrip-specific approach is advocated. Hence, we have come up with a list of stocks based on the T20 breakout system. 

Another interesting point is that it’s not very usual these days to see pharma stock jumping 8-9 per cent but on Tuesday, Lupin broke this jinx as it soared nearly 9 per cent. Certainly, this might have brought a million-dollar smile to the faces of Lupin investors.