Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian equity indices closed in the green on Wednesday, boosted by bank stocks and as investors shrugged off global trade war jitters to focus on supportive local factors.
The Sensex closed almost 309 points or 0.4 per cent higher at 77,044, while the Nifty 50 closed 108 points or 0.47 per cent higher at 23,328. The index has crossed 200-DEMA and is trading above all important moving averages. The Nifty Bank outperformed frontline indices, closed 738 points higher and settled at 53,117, mirroring benchmark indices.
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Broader indices traded with gains, where Nifty Mid-Cap jumped by 0.71 per cent, while Nifty Small-Cap ended higher by 1.01 per cent. India VIX traded near the 16 mark and was down by 1.61 per cent during the day.
Top 3 price-volume breakout stocks:
Indian Renewable Energy Dev Agency Ltd: Indian Renewable Energy Dev Agency Ltd saw a strong upward move with a price volume breakout and volume spike. The stock is currently trading at Rs 176.41, which is higher than the previous close of Rs 166.98, showing a gain of 5.65 per cent. It touched a high of Rs 179.68 during the day. The stock recorded a trading volume of approximately 11.55 crore shares. The returns from the 52-week low stand at 28.76 per cent. Despite the positive move, the stock remains below its 52-week high of Rs 310. The market capitalisation of the company is Rs 47,427.54 crore. This price move was supported by a significant increase in volume, indicating strong participation from market participants.
NBCC (India) Ltd: NBCC (India) Ltd witnessed a notable price movement supported by high volume. The stock is currently trading at Rs 96.09, gaining 7.04 per cent over its previous close of Rs 89.77. It touched a high of Rs 96.5 during the session, while trading volume stood at around 5.63 crore shares. Returns from the 52-week low are at 35.72 per cent. The stock remains below its 52-week high of Rs 139.83. The market capitalisation of the company is Rs 25,840.15 crore. A price volume breakout was observed, along with a spike in volume, indicating strong interest in the stock during the trading session.
NTPC Green Energy Ltd: NTPC Green Energy Ltd showed a price volume breakout with significant volume activity. The stock is currently trading at Rs 105.79, up from the previous close of Rs 98.92, marking a gain of 6.95 per cent. It hit a high of Rs 107.7 during the trading day. The trading volume was about 4.56 crore shares. The returns from the 52-week low are recorded at 25.12 per cent. The stock is trading below its 52-week high of Rs 155.35. The company has a market capitalisation of Rs 89,006.22 crore. Volume spike along with the price movement indicates increased trading activity and interest from market participants.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
176.39
|
11,55,06,723
|
|
2
|
Nbcc (india) Limited
|
95.8
|
5,63,00,045
|
|
3
|
NTPC Green Energy Ltd
|
105.76
|
4,56,55,490
|
|
4
|
Indusind Bank Limited
|
788.25
|
3,12,52,589
|
|
5
|
Jbm Auto Limited
|
694.75
|
2,20,76,001
|
|
6
|
Gujarat Mineral Development Corporation Limited
|
315
|
1,89,12,787
|
|
7
|
Engineers India Limited
|
183.72
|
1,84,88,019
|
|
8
|
Cupid Limited
|
73.69
|
1,29,84,720
|
|
9
|
Aegis Logistics Ltd
|
806.3
|
76,29,879
|
|
10
|
Samhi Hotels Ltd
|
176.37
|
70,79,739
|
Disclaimer: The article is for informational purposes only and not investment advice.