Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian equity benchmarks closed higher for the second straight session on Monday, May 5, led by strong gains in energy and auto stocks. The Nifty 50 rose 114 points (0.47 per cent) to settle at 24,461, while the BSE Sensex advanced 294 points (0.37 per cent) to 80,796. The gains were supported by a decline in crude oil prices, sustained foreign fund inflows for the 12th session, and optimism over a potential India-U.S. trade deal.
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Top 3 price-volume breakout stocks:
Swiggy Ltd: Swiggy Ltd witnessed a sharp upward movement today with a per cent change of 12.35 per cent. The stock is currently trading at Rs 343, up from its previous close of Rs 305.3. It touched a high of Rs 356.65 during the day. The traded volume stood at 4.46 crore shares, showing strong participation. Swiggy Ltd has shown 13.20 per cent returns from its 52-week low, though it still trades below its 52-week high of Rs 617.3. The market capitalisation stands at Rs 78,732.64 crore. Overall, the session marked a significant trading day for Swiggy Ltd on higher-than-usual volumes and an intraday high near Rs 357.
Hindustan Petroleum Corp Ltd: Hindustan Petroleum Corp Ltd showed upward price action with the stock currently trading at Rs 411.5, rising from the previous close of Rs 385.05. The per cent change for the day was 6.87 per cent. The stock touched a high of Rs 414 during the session. A total of 2.81 crore shares were traded, indicating a significant volume spike. Returns from the 52-week low stand at 43.11 per cent, reflecting upward movement over the longer term. The market capitalisation is at Rs 87,382.57 crore. The counter also exhibited a price-volume breakout, adding to the strong intraday activity. While still below the 52-week high of Rs 457.15, today's performance showed notable movement supported by volume.
Adani Power Ltd: Adani Power Ltd closed the day with a per cent change of 6.52 per cent, trading currently at Rs 559.45 against the previous close of Rs 525.2. The stock reached a high of Rs 584.35 during the day. It recorded a trading volume of 2.72 crore shares, highlighting a volume spike. The company’s market capitalisation stands at Rs 2,14,645.48 crore. The stock has delivered 29.50 per cent returns from its 52-week low, indicating a steady uptrend. Although it remains below its 52-week high of Rs 895.85, the stock showed a price-volume breakout today, supported by strong trading activity.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Swiggy Ltd
|
343.95
|
4,46,23,518
|
|
2
|
Hindustan Petroleum Corporation Limited
|
409.85
|
2,80,73,682
|
|
3
|
Adani Power Limited
|
556.45
|
2,72,09,073
|
|
4
|
Apollo Micro Systems Ltd
|
124.93
|
2,24,72,625
|
|
5
|
Adani Total Gas Ltd
|
665.55
|
1,67,49,924
|
|
6
|
Indraprastha Gas Limited
|
206.34
|
1,47,06,964
|
|
7
|
Adani Ports And Special Economic Zone Limited
|
1347.1
|
1,41,52,837
|
|
8
|
Adani Green Energy Ltd
|
965.7
|
1,36,45,568
|
|
9
|
Parag Milk Foods Limited
|
208.1
|
1,20,87,769
|
|
10
|
Motilal Oswal Financial Services Limited
|
696.3
|
92,08,897
|
Disclaimer: The article is for informational purposes only and not investment advice.