Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, May 22, Indian equity markets wrapped up the session in negative territory, pressured by weak global cues. Rising bond yields in the U.S. and Japan, driven by mounting debt-related concerns, dented investor sentiment and prompted selling across sectors.
The Nifty 50 slipped 0.82 per cent, settling just above the 24,600 mark, while the Sensex dropped 0.79 per cent, ending below 81,000. Broader market participation remained weak, with IT stocks exerting the most downward pressure on the indices.
Top 3 price-volume breakout stocks:
Tata Teleservices (Maharashtra) Ltd: Tata Teleservices (Maharashtra) Ltd witnessed a strong price and volume breakout on the trading day. The stock is currently trading at Rs 74.5, showing a percent change of 7.83 per cent from its previous close of Rs 69.09. The total traded volume stood at around 27.27 crore shares, indicating increased market activity. The stock has generated returns of 48.70 per cent from its 52-week low, reflecting consistent upward movement over time. Though the stock is still below its 52-week high of Rs 111.4, the high traded volume combined with a price move may indicate heightened interest among participants. The market capitalisation stands at Rs 15,027.01 crore.
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NTPC Green Energy Ltd: NTPC Green Energy Ltd recorded notable market activity with a traded volume of approximately 9.93 crore shares. The stock is currently trading at Rs 112.05, gaining 5.55 per cent from its previous close of Rs 106.16. It has delivered returns of 32.53 per cent from its 52-week low, indicating a steady uptrend. Despite trading below its 52-week high of Rs 155.35, the current move accompanied by a price-volume breakout and volume spike reflects significant trading interest. The market capitalisation of the company is Rs 94,671.91 crore.
Shipping Corporation of India Ltd: Shipping Corporation of India Ltd experienced a price-volume breakout on the day with a traded volume of around 3.45 crore shares. The stock is currently trading at Rs 197, up by 8.36 per cent from the previous close of Rs 181.8. The stock has posted returns of 42.49 per cent from its 52-week low, showing sustained price strength over the recent period. Although still below the 52-week high of Rs 384.2, the volume spike along with the price move suggests heightened trading activity. The company’s market capitalisation is at Rs 9,145.07 crore.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Tata Teleservices (maharashtra) Limited
|
76.68
|
27,26,89,572
|
|
2
|
NTPC Green Energy Ltd
|
112.18
|
9,93,55,314
|
|
3
|
Shipping Corporation Of India Limited
|
196.11
|
3,45,00,877
|
|
4
|
Garden Reach Shipbuilders & Engineers Ltd
|
2756.2
|
1,56,50,434
|
|
5
|
ITC Hotels Ltd
|
215.08
|
1,54,50,873
|
|
6
|
Fortis Healthcare Limited
|
723.8
|
1,17,86,258
|
|
7
|
Dishman Carbogen Amcis Ltd
|
245.24
|
75,20,733
|
|
8
|
Vrl Logistics Limited
|
588.6
|
48,48,391
|
|
9
|
Va Tech Wabag Limited
|
1526.2
|
36,23,561
|
|
10
|
Strides Shasun Limited
|
730.35
|
29,03,914
|
Disclaimer: The article is for informational purposes only and not investment advice.