Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On May 14, Indian equity benchmarks ended the session with modest gains, aided by softer inflation readings from both the U.S. and India, which fuelled hopes of a rate cut in the near future. However, market movements were not entirely smooth as volatility persisted throughout the trading day.
The BSE Sensex added 0.22 per cent to close at 81,330.56, while the NSE Nifty 50 rose by 0.36 per cent to finish at 24,666.90, giving up part of its early gains. In contrast, the Bank Nifty index declined for the second consecutive session, ending 0.25 per cent lower at 54,801.30.
Top 3 price-volume breakout stocks:
Steel Authority of India Ltd: Steel Authority of India Ltd saw a price volume breakout with a traded volume of 3.71 crore shares. The stock is currently trading at Rs 122.81, marking a 5.87 per cent rise from the previous close of Rs 116. The stock has delivered returns of 23.86 per cent from its 52-week low, and the recent move was supported by a volume spike, indicating strong participation. The stock made an intraday high of Rs 122.99, which is still below its 52-week high of Rs 175.35. The market capitalisation of the company stands at Rs 50,404.80 crore. The breakout accompanied by higher volume may reflect strong interest, although the stock remains significantly below its yearly peak.
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Aditya Birla Capital Ltd: Aditya Birla Capital Ltd witnessed a price volume breakout with 2.54 crore shares traded during the day. The stock is currently trading at Rs 217, a rise of 5.91 per cent over the previous close of Rs 204.89. It has delivered 45.63 per cent returns from its 52-week low, indicating an upward momentum. The intraday high stood at Rs 219.99, and it is currently below the 52-week high of Rs 246.9. The company’s market capitalisation is Rs 57,151.73 crore. The volume spike seen today, along with a strong price move, reflects heightened trading activity, possibly due to renewed buying interest. The price and volume behaviour may suggest a near-term shift in trend.
Ircon International Ltd: Ircon International Ltd registered a strong move with a volume of 2.21 crore shares traded and a price volume breakout. The stock is currently trading at Rs 173.25, gaining 8.04 per cent over the previous close of Rs 160.35. The stock has given returns of 29.06 per cent from its 52-week low. The intraday high reached Rs 173.9, which is still well below the 52-week high of Rs 351.6. The market capitalisation of the company is Rs 16,011.33 crore. Despite the volume spike and the current up move, the stock has not yet reclaimed previous highs, but the day’s activity indicates strong participation and renewed interest from market participants.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Steel Authority Of India Limited
|
122.68
|
3,71,64,569
|
|
2
|
Aditya Birla Capital Ltd
|
218.33
|
2,54,10,347
|
|
3
|
Ircon International Ltd
|
172.81
|
2,21,53,974
|
|
4
|
Cochin Shipyard
|
1699.4
|
2,13,90,019
|
|
5
|
HBL Engineering Ltd
|
569.05
|
2,00,91,751
|
|
6
|
Garden Reach Shipbuilders & Engineers Ltd
|
2188
|
1,72,89,335
|
|
7
|
Railtel Corporation of India Ltd
|
356.55
|
1,43,15,782
|
|
8
|
One Point One Solutions Ltd
|
60.61
|
1,19,56,706
|
|
9
|
SBFC Finance Ltd
|
109.49
|
1,05,62,962
|
|
10
|
Mishra Dhatu Nigam Ltd
|
392.4
|
87,38,429
|
Disclaimer: The article is for informational purposes only and not investment advice.