Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian stock markets ended lower for the second consecutive session on Wednesday, June 18, as investor sentiment remained cautious ahead of the U.S. Federal Reserve's interest rate decision. Rising tensions in the Middle East further weighed on sentiment. The Nifty 50 index closed 41.35 points or 0.17 per cent lower at 24,812.05, while the Sensex slipped 138.64 points or 0.17 per cent to settle at 81,444.66. Selling pressure from heavyweight stocks like ICICI Bank and TCS played a major role in dragging the benchmarks down.
DSIJ’s ‘Flash News Investment' weekly Newsletter recommends profit-making ideas for you based on fundamental and technical analysis. If this interests you, download the service details here.
Top 3 price-volume breakout stocks:
Electronics Mart India Ltd witnessed a strong session with a price-volume breakout. The stock is currently trading at Rs 155, showing a rise of 15.30 per cent from the previous close of Rs 134.43. The traded volume stood at approximately 5.25 crore shares, indicating a significant volume spike. With the 52-week high at Rs 262 and the market cap at Rs 6,145.32 crore, the stock has delivered a return of 39.50 per cent from its 52-week low.
Indusind Bank Ltd also recorded a price volume breakout. It is currently trading at Rs 847.1, gaining 4.69 per cent from the previous close of Rs 809.15. The volume traded was around 2.08 crore shares. The stock has a market cap of Rs 66,238.66 crore and has given a return of 39.79 per cent from its 52-week low. The 52-week high of the stock is Rs 1,550.
Optiemus Infracom Ltd showed a strong move supported by a volume spike, trading around Rs 670.15 compared to the previous close of Rs 614.65, marking a rise of 9.03 per cent. The trading volume was approximately 1.31 crore shares. The market cap stands at Rs 6,002.71 crore, and the stock has delivered multibagger returns of 144.13 per cent from its 52-week low, with a 52-week high at Rs 873.8.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Electronics Mart India Ltd
|
158.37
|
5,25,16,358
|
|
2
|
Indusind Bank Limited
|
850.5
|
2,08,26,811
|
|
3
|
Optiemus Infracom Ltd
|
684.6
|
1,31,40,414
|
|
4
|
Manali Petrochemicals Limited
|
70.39
|
1,14,92,356
|
|
5
|
Jamna Auto Industries Limited
|
91.9
|
48,10,957
|
|
6
|
SCODATUBES
|
196.48
|
32,54,628
|
|
7
|
Prostarm Info Systems Ltd
|
122.07
|
23,25,738
|
|
8
|
Zydus Wellness Limited
|
2054.3
|
13,87,226
|
|
9
|
Medico Remedies Ltd
|
51.39
|
13,49,837
|
|
10
|
Prime Focus Limited
|
130.98
|
10,02,119
|
Disclaimer: The article is for informational purposes only and not investment advice.