Price Volume breakout stocks: These stocks likely to be in focus on Monday!
Top 3 price-volume breakout stocks
Indian stock markets closed slightly in the red on Friday, as investors chose to book profits following a strong rally in the previous session that had lifted key indices to seven-month highs. The Nifty 50 declined by 0.17 per cent to settle at 25,020, while the Sensex fell by 0.24 per cent, slipping below the 82,300 level. The Bank Nifty closed flat at 55,355. For the week, the Nifty still managed to post gains of 4.21 per cent.
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Top 3 price-volume breakout stocks:
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd witnessed a notable trading session with a volume spike of around 8.54 crore shares, signalling a strong move. The stock is currently trading at Rs 138.79, reflecting a rise from the previous close of Rs 130.24, marking a per cent change of 6.56 per cent. With a recent high of Rs 140.22 during the session, the stock remains below its 52-week high of Rs 229. The market capitalisation stands at Rs 1,81,119.63 crore. Returns from the 52-week low show an increase of 28.46 per cent, indicating sustained interest from market participants.
IFCI Ltd: IFCI Ltd recorded a trading volume of approximately 8.38 crore shares, marking a volume spike and a price-volume breakout. The stock is currently trading at Rs 51.4, which is up from the previous close of Rs 44.75, translating into a per cent change of 14.86 per cent. The day's high stood at Rs 52.78, while the 52-week high remains at Rs 91.4. The company has a market capitalisation of Rs 13,540.55 crore. From its 52-week low, IFCI Ltd has delivered returns of 41.99 per cent.
Hindustan Construction Company Ltd: Hindustan Construction Company Ltd experienced strong activity with a traded volume of about 5.64 crore shares, contributing to a price-volume breakout and a volume spike. The stock is currently trading at Rs 30.5, higher than its previous close of Rs 28.13, registering a per cent change of 8.43 per cent. It touched an intraday high of Rs 30.69. Compared to its 52-week high of Rs 57.5, the current price is still lower. The market capitalisation is Rs 5,544.11 crore. The stock has generated returns of 38.83 per cent from its 52-week low.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
138.61
|
8,54,71,529
|
|
2
|
Ifci Limited
|
51.77
|
8,37,79,268
|
|
3
|
Hindustan Construction Company Limited
|
30.42
|
5,64,02,326
|
|
4
|
Rail Vikas Nigam Ltd
|
409.6
|
4,53,61,621
|
|
5
|
Cochin Shipyard
|
2035.6
|
3,35,98,999
|
|
6
|
Ircon International Ltd
|
188.88
|
2,80,27,854
|
|
7
|
Sjvn Limited
|
104.2
|
2,53,40,944
|
|
8
|
Rites Ltd
|
286.99
|
2,50,91,451
|
|
9
|
Shipping Corporation Of India Limited
|
188.77
|
2,45,80,674
|
|
10
|
Titagarh Rail Systems Ltd
|
912.85
|
2,25,02,300
|
Disclaimer: The article is for informational purposes only and not investment advice.