Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, June 30, Indian benchmark indices declined, ending their four-day winning streak amid broad-based profit booking. The Nifty 50 closed lower by 120.75 points or 0.47 per cent, finishing at 25,517.05. The index is now trading 2.89 per cent below its record high made in September 2024. The Sensex fell by 452.44 points or 0.54 per cent to settle at 83,606.46. Weakness in private banking stocks, particularly HDFC Bank and Axis Bank, contributed significantly to the market's decline.
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Top 3 price-volume breakout stocks:
Bank of Maharashtra Ltd saw strong activity with a trading volume of over 5.31 crore shares, indicating a significant volume spike. The stock is currently trading at Rs 57.15, up by 5.25 per cent from its previous close of Rs 54.3. The movement came close to the day’s high of Rs 57.35. The stock has shown returns of 36.07 per cent from its 52-week low, suggesting sustained upward participation. The price-volume breakout signals strong momentum, even though it remains below its 52-week high of Rs 70.8.
Diamond Power Infrastructure Ltd registered a trading volume of 2.09 crore shares. It is currently trading at Rs 136.99, marking a 5.84 per cent rise from its previous close of Rs 129.43. The stock touched a high of Rs 142.37 during the session. With a return of 68.09 per cent from its 52-week low, the stock shows notable strength. The volume spike and price-volume breakout indicate increased trading interest at higher levels.
Raymond Ltd experienced high activity with a trading volume of 1.79 crore shares. It is currently trading at Rs 713.1, reflecting a 14.21 per cent rise from its previous close of Rs 624.35. The stock reached a high of Rs 717.95 during the day. Returns from the 52-week low stand at 64.71 per cent. The session saw a price-volume breakout and a clear volume spike, suggesting strong intraday movement, though the stock trades below its 52-week high of Rs 847.28.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Bank Of Maharashtra
|
57.11
|
5,31,52,111
|
|
2
|
Diamond Power Infrastructure Ltd
|
138.23
|
2,09,00,659
|
|
3
|
Raymond Limited
|
709.4
|
1,79,37,338
|
|
4
|
SBFC Finance Ltd
|
112.13
|
1,59,50,773
|
|
5
|
Alembic Pharmaceuticals Limited
|
1039.1
|
1,52,74,695
|
|
6
|
Waaree Energies Ltd
|
3139.4
|
91,00,966
|
|
7
|
Signpost India Ltd
|
213.25
|
74,08,746
|
|
8
|
City Union Bank Limited
|
218.71
|
72,14,508
|
|
9
|
Vintage Coffee & Beverages Ltd
|
133.07
|
65,96,609
|
|
10
|
Alembic Limited
|
121.8
|
60,61,447
|
Disclaimer: The article is for informational purposes only and not investment advice.