Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On June 3, Indian equity indices continued their downward trend, closing in the red for the third session in a row. Both the Nifty and the Sensex extended early losses throughout the day. The Nifty 50 declined by 174.10 points (0.70 per cent) to settle at 24,542.50, slipping below its 20-day moving average (20-DMA) for the first time since April 15. The Sensex ended lower by 636.24 points (0.78 per cent) at 80,737.51.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.
Top 3 price-volume breakout stocks:
Brainbees Solutions Ltd: Brainbees Solutions Ltd witnessed a strong trading session with a price volume breakout and a volume spike. The stock is currently trading at Rs 362.2, up from the previous close of Rs 341.25, registering a gain of 6.14 per cent. The stock touched an intraday high of Rs 392.9. The traded volume stood at approximately 3.91 crore shares, indicating heightened market participation. The 52-week high of the stock is Rs 734, and the current market capitalisation stands at Rs 17,988.65 crore. Returns from the 52-week low show a rise of 26.62 per cent, suggesting the stock has recovered significantly from its lowest levels.
Rashtriya Chemicals and Fertilisers Ltd: Rashtriya Chemicals and Fertilisers Ltd displayed a price volume breakout with a notable volume spike during the day. The stock is currently trading at Rs 159.65, compared to its previous close of Rs 150.32, showing a rise of 6.21 per cent. It reached an intraday high of Rs 164.23. The traded volume was around 3.48 crore shares. The 52-week high for the stock stands at Rs 245, while the market capitalisation is reported at Rs 8,832.73 crore. The returns from its 52-week low are 44.09 per cent, indicating a steady upward movement from lower levels over time.
National Fertilisers Ltd: National Fertilisers Ltd showed strong intraday movement with a price volume breakout and volume spike. The stock is currently trading at Rs 107.38, rising from its previous close of Rs 99.18, recording a gain of 8.27 per cent. During the session, the stock hit a high of Rs 109.87. The total traded volume was about 3.17 crore shares, reflecting higher trading activity. The 52-week high is Rs 169.95, and the company’s market capitalisation is Rs 5,247.43 crore. Returns from the 52-week low have reached 51.24 per cent, showing consistent price progress from its lower range.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Brainbees Solutions Ltd
|
371.95
|
3,91,62,268
|
|
2
|
Rashtriya Chemicals And Fertilizers Limited
|
160.32
|
3,47,92,270
|
|
3
|
National Fertilizers Limited
|
107.32
|
3,17,06,087
|
|
4
|
Fertilizers And Chemicals Travancore Limited
|
1046.8
|
1,70,19,110
|
|
5
|
Jain Irrigation Systems Limited
|
59.82
|
1,32,33,260
|
|
6
|
Servotech Power Systems Ltd
|
147.26
|
1,09,15,286
|
|
7
|
Cochin Shipyard
|
2034.7
|
1,00,32,378
|
|
8
|
Madras Fertilizers Limited
|
99.12
|
50,15,404
|
|
9
|
Standard Glass Lining Technology Ltd
|
190.24
|
41,11,075
|
|
10
|
Garden Reach Shipbuilders & Engineers Ltd
|
3150.5
|
38,90,828
|
Disclaimer: The article is for informational purposes only and not investment advice.