Price Volume breakout stocks: These stocks likely to be in focus on Monday!

On Friday, September 5, Indian equity benchmark indices closed on a mixed note. The Nifty 50 index recovered more than 100 points from the day’s low and ended up by 6.70 points, or 0.03 per cent, at 24,741. The Sensex slipped 7.25 points, or 0.01 per cent, to 80,710.76. On a weekly basis, Nifty 50 rose 1.29 per cent and Sensex gained 1.13 per cent.

Top 3 price-volume breakout stocks:

MIC Electronics Ltd saw a price-volume breakout with a strong volume spike of around 5.75 crore shares traded. The stock is currently trading at Rs 67.2 compared to its previous close of Rs 56, marking a rise of 20.00 per cent. It touched a high of Rs 67.2 today, while its 52-week high stands at Rs 114.79. The company holds a market capitalisation of Rs 1,619.60 crore. Returns from its 52-week low are 52.04 per cent, reflecting steady movement supported by today’s volume surge.

One MobiKwik Systems Ltd recorded a price volume breakout as 3.87 crore shares changed hands. The stock is currently trading at Rs 293.6, up 4.98 per cent from the previous close of Rs 279.67, with an intraday high of Rs 308.75. Its 52-week high is Rs 698.3, and the market capitalisation stands at Rs 2,296.77 crore. Returns from the 52-week low are 33.94 per cent, and the move was accompanied by a noticeable volume spike.

Rattanindia Enterprises Ltd registered a volume spike with 3.65 crore shares traded. The stock is currently trading at Rs 62, higher than its previous close of Rs 58.93, up 5.21 per cent. It touched a high of Rs 64 today, while the 52-week high is Rs 84.7. The company’s market capitalisation is Rs 8,540.35 crore. Returns from the 52-week low stand at 65.69 per cent, with today’s movement supported by price volume breakout activity.

Following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.