Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, June 19, Indian equity benchmarks extended their downward trend for a third straight day, amid escalating geopolitical concerns in the Middle East and cautious commentary from the U.S. Federal Reserve.
At close, the Nifty 50 slipped by 18.80 points (0.08 per cent) to 24,793.25, while the Sensex dropped 82.79 points (0.10 per cent) to settle at 81,361.87.
The Nifty 50 moved within a 129-point band during the session, which was narrower than its recent 10-day average, reflecting subdued trading activity. The index stayed below its 20-day exponential moving average (DEMA) and ended the day with a doji candlestick pattern, indicating indecision among market participants.
Top 3 price-volume breakout stocks:
Aeroflex Industries Ltd: Aeroflex Industries Ltd witnessed a strong price and volume breakout on the trading day. The stock closed at Rs 191, marking a 9.24 per cent rise from its previous close of Rs 174.85. It recorded a traded volume of approximately 6.5 crore shares. The company is currently trading at Rs 191 against its 52-week high of Rs 272 and holds a market capitalisation of Rs 2,523.54 crore. Returns from its 52-week low stand at 32.41 per cent. The sharp rise in both price and volume indicates increased market activity.
Restaurant Brands Asia Ltd: Restaurant Brands Asia Ltd also displayed a notable price-volume action with over 3.2 crore shares traded. The stock is currently trading at Rs 78.6, higher than its previous close of Rs 75.73, showing a gain of 3.79 per cent. The market cap stands at Rs 4,636.27 crore. The stock has given returns of 32.32 per cent from its 52-week low. While it remains below the 52-week high of Rs 118.9, the volume spike suggests renewed interest.
Aeroflex Enterprises Ltd: Aeroflex Enterprises Ltd recorded a price increase of 6.97 per cent, closing at Rs 95.5 from the previous close of Rs 89.28. The trading volume stood at around 1.3 crore shares. The stock is currently trading at Rs 95.5 with a market capitalisation of Rs 1,075.38 crore. Returns from its 52-week low are 32.38 per cent, and it remains below its 52-week high of Rs 151.5. A noticeable volume spike along with the price movement indicates strong participation.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Aeroflex Industries Ltd
|
194.87
|
6,49,76,145
|
|
2
|
Restaurant Brands Asia Ltd
|
79.53
|
3,23,67,143
|
|
3
|
Sat Industries Ltd
|
97.02
|
1,30,43,067
|
|
4
|
GTPL Hathway
|
124.54
|
58,00,243
|
|
5
|
Spml Infra Limited
|
237.73
|
24,63,088
|
|
6
|
Aban Offshore Limited
|
59.29
|
14,59,252
|
Disclaimer: The article is for informational purposes only and not investment advice.