Price Volume breakout stocks: These stocks likely to be in focus on Monday!
Top 3 price-volume breakout stocks
On the final trading day of May, Indian benchmark indices ended with modest declines. The Nifty 50 closed down by 0.22 per cent, while the Sensex slipped 0.33 per cent. Over the week, the Nifty 50 recorded its second consecutive weekly loss, falling 0.41 per cent. Despite the weekly downturn, the Nifty 50 extended its monthly winning streak, gaining 1.17 per cent in May, marking its third straight month of positive returns.
Top 3 price-volume breakout stocks:
Suzlon Energy Ltd: Suzlon Energy Ltd saw strong trading activity with a volume of 54.76 crore shares. The stock is currently trading at Rs 71.35, up from the previous close of Rs 65.42, marking a rise of 9.06 per cent for the day. The stock has a 52-week high of Rs 86.04 and a recent high of Rs 74.3. Suzlon's returns from the 52-week low stand at 61.06 per cent, indicating sustained upward movement over the period. With a market capitalisation of Rs 97,619.08 crore, the stock remains actively tracked by market participants. The volume and price momentum on the day signal continued market interest as the stock remains near its yearly high.
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Reliance Power Ltd: Reliance Power Ltd recorded a trading volume of 53.39 crore shares. The stock is currently trading at Rs 58.09, gaining 11.24 per cent from its previous close of Rs 52.22. It reached a high of Rs 60.5 during the day, which also matches its 52-week high. With returns from the 52-week low at 149.31 per cent, the stock has delivered multibagger returns in this period. Its market capitalisation stands at Rs 23,970.98 crore. The high volume and strong percentage gain on the day reflect significant market participation. The current price levels keep the stock close to its yearly peak, indicating strong short-term momentum.
NBCC (India) Ltd: NBCC (India) Ltd experienced a trading volume of 7.92 crore shares. The stock is currently trading at Rs 123.35, up from the previous close of Rs 116.2, reflecting a 6.15 per cent gain. The stock touched a high of Rs 126.7 during the session and has a 52-week high of Rs 139.83. With returns from the 52-week low at 74.22 per cent, the stock has maintained a steady uptrend over time. Its market capitalisation is Rs 33,269.67 crore. The trading volume and price increase suggest active participation on the day as the stock stays within range of its annual high.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Suzlon Energy Limited
|
71.48
|
54,76,40,042
|
|
2
|
Reliance Power Limited
|
58.1
|
53,39,53,928
|
|
3
|
Nbcc (india) Limited
|
123.36
|
7,91,71,451
|
|
4
|
Hindustan Construction Company Limited
|
33.79
|
7,07,80,338
|
|
5
|
Bank Of Maharashtra
|
53.98
|
4,75,07,170
|
|
6
|
Engineers India Limited
|
229.48
|
4,40,23,320
|
|
7
|
Uco Bank
|
33.05
|
3,83,93,301
|
|
8
|
Gujarat Pipavav Port Limited
|
156.15
|
3,78,89,098
|
|
9
|
Indian Overseas Bank
|
39.84
|
3,03,38,967
|
|
10
|
Reliance Infrastructure Limited
|
330.5
|
2,90,15,364
|
Disclaimer: The article is for informational purposes only and not investment advice.