Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On May 28, Indian equity markets continued their downward trend, with the Nifty 50 falling by 69.05 points (0.28 per cent) to end at 24,757.15, while the Sensex declined by 239.31 points (0.29 per cent) to settle at 81,312.32. Despite global markets trading on a positive note, domestic indices remained under pressure, mainly due to a sell-off in ITC.
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Top 3 price-volume breakout stocks:
IFCI Ltd: IFCI Ltd witnessed a sharp price movement with a strong rise of 15.54 per cent from its previous close of Rs 61.06 to currently trading at Rs 70.55. The stock touched an intraday high of Rs 72. A volume of approximately 28.43 crore shares was recorded, reflecting a noticeable spike in trading activity. IFCI Ltd has shown a return of 94.89 per cent from its 52-week low, nearing multibagger returns. The stock remains below its 52-week high of Rs 91.4.
Apollo Micro Systems Ltd: Apollo Micro Systems Ltd is currently trading at Rs 179, rising 14.88 per cent from the previous close of Rs 155.81. The stock hit an intraday high of Rs 183.4. It registered a trading volume of around 8.06 crore shares, indicating a volume spike. The return from the 52-week low stands at 103.43 per cent, marking multibagger returns. The price has now reached its 52-week high of Rs 183.4, indicating strong market interest. The market capitalisation of the company is Rs 5,431.39 crore.
MMTC Ltd: MMTC Ltd closed at Rs 69.58, up 8.92 per cent from the previous close of Rs 63.88. The stock touched a high of Rs 72 during the day. It saw a traded volume of approximately 6.24 crore shares, reflecting increased trading activity. MMTC Ltd has delivered a 56.36 per cent return from its 52-week low, although it still trades below the 52-week high of Rs 131.8. The market capitalisation stands at Rs 10,422.33 crore.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ifci Limited
|
70.31
|
28,43,52,908
|
|
2
|
Apollo Micro Systems Ltd
|
177.31
|
8,05,68,964
|
|
3
|
Mmtc Limited
|
69.42
|
6,24,46,260
|
|
4
|
Life Insurance Corporation of India
|
942
|
2,30,33,284
|
|
5
|
Mangalore Refinery And Petrochemicals Limited
|
148.83
|
1,60,57,729
|
|
6
|
Network18 Media & Investments Limited
|
52.69
|
1,51,57,256
|
|
7
|
Lloyds Engineering Works Ltd
|
56.2
|
1,38,68,690
|
|
8
|
Sigachi Industries Ltd
|
50.35
|
1,29,25,482
|
|
9
|
Edelweiss Financial Services Limited
|
105.64
|
1,02,35,500
|
|
10
|
Jm Financial Limited
|
128.73
|
81,47,824
|
Disclaimer: The article is for informational purposes only and not investment advice.