Top 3 price-volume breakout stocks
Friday’s trading session has proven to be one of the most rewarding for Indian benchmarks, as they made a strong recovery from the significant declines earlier this week, easing concerns of a potential major correction. The BSE Sensex skyrocketed 1.68 per cent reaching a level of 80,436. The Nifty 50 index climbed 1.65 per cent to the 24,541 level.
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Broader markets maintained their strength throughout the trading session. With 1,872 shares rising on the NSE and 845 shares declining, the advance-decline ratio strongly remained in favour of advances.
Top 3 price-volume breakout stocks
Firstsource Solutions Ltd: Firstsource Solutions Ltd is currently trading at Rs 307.75, showing a significant increase of 5.97 per cent from the previous close of Rs 290.4. The stock reached a new 52-week high of Rs 325 during the day, with a trading volume of approximately 3.86 crores. The stock has delivered multibagger returns of 111.37 per cent from its 52-week low, indicating strong performance over the past year. The RSI stands at 69.62, signaling a bullish momentum. The price-volume breakout, volume spike, and 52-week high breakout suggest continued upward momentum.
Kitex Garments Ltd: Kitex Garments Limited is currently trading at Rs 321.55, up by 12.35 per cent from the previous close of Rs 286.2. The stock hit a new 52-week high of Rs 339.1, supported by a robust trading volume of approximately 1.38 crores. Although the returns from the 52-week low stand at 82.49 per cent, indicating strong performance, it falls short of multibagger returns. The RSI is at 77.84, reflecting overbought conditions. The stock’s price-volume breakout, volume spike, and 52-week high breakout suggest continued positive momentum.
Pasupati Acrylon Ltd: Pasupati Acrylon Ltd is currently trading at Rs 48.97, marking a substantial increase of 16.04 per cent from the previous close of Rs 42.2. The stock approached its 52-week high of Rs 51.3, with a trading volume of around 1.37 crores. The returns from the 52-week low are 74.89 per cent, indicating strong recovery and growth. The RSI of 73.21 suggests a bullish trend. The price-volume breakout, volume spike, and nearing 52-week high signal potential further gains.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Firstsource Solutions Ltd
|
307.7
|
3,85,75,796
|
|
2
|
Kitex Garments Ltd
|
323.82
|
1,37,72,058
|
|
3
|
Pasupati Acrylon Ltd
|
49.7
|
1,37,29,599
|
|
4
|
Equitas Small Finance Bank Ltd
|
82.5
|
1,22,86,266
|
|
5
|
Patel Engineering Ltd
|
54.67
|
1,21,65,027
|
|
6
|
Paisalo Digital Ltd
|
66.17
|
1,06,29,851
|
|
7
|
Aditya Birla Capital Ltd
|
216.09
|
1,05,88,004
|
|
8
|
Birlasoft Ltd
|
600.65
|
95,97,224
|
|
9
|
RHI Magnesita India Ltd
|
627.35
|
95,41,278
|
|
10
|
DLF Ltd
|
866.9
|
88,26,463
|
Disclaimer: The article is for informational purposes only and not investment advice.
