Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian benchmark indices closed with marginal gains on Tuesday, extending their winning streak for a third consecutive session. The Nifty 50 moved within a 167-point range before ending just 7 points higher (+0.03 per cent) at 24,336. Meanwhile, the BSE Sensex closed at 80,288, up 70 points (+0.09 per cent), slightly below its intraday peak.
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Mid-Cap and Small-Cap indices gained 0.27 per cent and 0.37 per cent, respectively. Among the 17 sectoral indices, only 4 ended in positive territory. Market breadth was relatively balanced, with 1,365 stocks advancing, 1,478 declining, and 90 unchanged out of 2,933 traded on the NSE.
Top 3 price-volume breakout stocks:
Garden Reach Shipbuilders & Engineers Ltd: Garden Reach Shipbuilders & Engineers Ltd saw a strong price volume breakout with the stock currently trading at Rs 1964. The stock moved up by 12.25 per cent from its previous close of Rs 1749.6. A total traded volume of around 1.76 crore shares indicates high participation. The stock has delivered multibagger returns of 122.93 per cent from its 52-week low. Although it is still below its 52-week high of Rs 2833.8, the current move came with a notable volume spike. This reflects increased activity and interest in the stock on the trading day. The market cap stands at Rs 22425.52 crore.
Apollo Micro Systems Ltd: Apollo Micro Systems Ltd witnessed a price volume breakout and is currently trading at Rs 121. The stock rose by 5.52 per cent from its previous close of Rs 114.67. The traded volume stood at approximately 1.48 crore shares, showing an increase in trading activity. The stock has delivered a return of 37.52 per cent from its 52-week low. It remains below the 52-week high of Rs 157. The market cap of the company is Rs 3715.98 crore. The price movement, along with the volume spike, points to strong interest in the stock during the day.
Mazagon Dock Shipbuilders Ltd: Mazagon Dock Shipbuilders Ltd closed at Rs 3029, up 8.71 per cent from the previous close of Rs 2786.3. The traded volume reached 1.36 crore shares, suggesting a sharp increase in activity. The stock hit its 52-week high of Rs 3048.3 during the session, while delivering multibagger returns of 189.86 per cent from its 52-week low. The market cap stands at Rs 123070.52 crore. The price volume breakout, coupled with a significant volume spike, marked a strong move in the stock. Currently trading near its 52-week high, the momentum has gained attention from market participants.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Garden Reach Shipbuilders & Engineers Ltd
|
1957.8
|
1,76,39,880
|
|
2
|
Apollo Micro Systems Ltd
|
120.71
|
1,48,28,037
|
|
3
|
Mazagon Dock Shipbuilders Ltd
|
3027.9
|
1,36,53,093
|
|
4
|
Cochin Shipyard
|
1652.4
|
1,18,69,691
|
|
5
|
Sona BLW Precision Forgings Ltd
|
491.85
|
95,31,228
|
|
6
|
Paras Defence and Space Technologies Ltd
|
1337.8
|
82,99,361
|
|
7
|
Data Patterns (India) Ltd
|
2556.9
|
78,54,903
|
|
8
|
Motilal Oswal Nifty India Defence ETF
|
79.92
|
69,63,062
|
|
9
|
The India Cements Limited
|
315.15
|
59,43,795
|
|
10
|
Whirlpool Of India Limited
|
1291.5
|
46,21,629
|
Disclaimer: The article is for informational purposes only and not investment advice.