Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On June 5, Indian equity markets continued their upward momentum for the second straight day. The Nifty 50 closed higher by 130.70 points, or 0.53 per cent, settling at 24,750.90, moving above its key short-term moving average, the 20-DMA. The Sensex also gained 443.79 points, or 0.55 per cent, ending the session at 81,442.04. The market rally was primarily supported by strong performances in pharmaceutical stocks and heavyweights such as Reliance Industries.
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Top 3 price-volume breakout stocks:
Brainbees Solutions Ltd: Brainbees Solutions Ltd registered a strong trading session as it closed at Rs 403.5, up 10.67 per cent from its previous close of Rs 364.6. The stock saw a high of Rs 410 during the day and witnessed a significant trading volume of 3.67 crore shares. It is currently trading at Rs 403.5, which is 41.06 per cent higher than its 52-week low. The stock has a market capitalisation of Rs 19,187.89 crore. The move was accompanied by a notable volume spike, indicating increased participation. The price-volume breakout during the session suggests strong momentum as the stock remains below its 52-week high of Rs 734.
JM Financial Ltd: JM Financial Ltd ended the day at Rs 141, rising 7.70 per cent from its previous close of Rs 130.92. It hit an intraday high of Rs 143.45 and recorded a volume of 2.84 crore shares. The stock is currently trading at Rs 141, having delivered multibagger returns of 93.42 per cent from its 52-week low. The 52-week high stands at Rs 168.75, and the company's market capitalisation is Rs 13,646.78 crore.
Welspun Living Ltd: Welspun Living Ltd closed at Rs 140.4, showing a 4.85 per cent gain over its previous close of Rs 133.91. The stock touched a high of Rs 143.25 during the session and reported a volume of 2.39 crore shares. It is currently trading at Rs 140.4, reflecting a return of 33.97 per cent from its 52-week low. The stock has a market capitalisation of Rs 12,517.90 crore. It remains below its 52-week high of Rs 212.95 but exhibited a price-volume breakout during the day.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Brainbees Solutions Ltd
|
399.4
|
3,67,17,904
|
|
2
|
Jm Financial Limited
|
141.62
|
2,84,75,957
|
|
3
|
Welspun Living Ltd
|
140.61
|
2,39,06,535
|
|
4
|
Cochin Shipyard
|
2350.8
|
2,38,64,711
|
|
5
|
Avantel Ltd
|
181.43
|
2,28,52,041
|
|
6
|
Hindustan Zinc Limited
|
491.6
|
78,73,800
|
|
7
|
Oswal Green Tech Ltd
|
47.14
|
65,71,390
|
|
8
|
Som Distilleries & Breweries Limited
|
152.63
|
61,99,729
|
|
9
|
Garuda Construction and Engineering Ltd
|
123.73
|
53,61,379
|
|
10
|
Welspun Corp Limited
|
962.35
|
49,22,843
|
Disclaimer: The article is for informational purposes only and not investment advice.