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

Indian equity benchmark indices ended higher on Friday, October 3, closing the week with gains of nearly 1 per cent. The Sensex rallied 223.86 points, or 0.28 per cent, to end at 81,207.17, while the Nifty 50 advanced 57.95 points, or 0.23 per cent, to settle at 24,894.25. India’s volatility index, India VIX, slipped over 2 per cent to close at 10, reflecting improved market sentiment.

The rally was led by heavyweight contributions from Larsen & Toubro, Bharti Airtel, and Axis Bank.

Top 3 price-volume breakout stocks:

Sai Silks (Kalamandir) Ltd saw a strong move today with the stock currently trading at Rs 183, up 17.75 per cent from the previous close of Rs 155.41. The stock recorded a traded volume of 3.79 crore shares. Returns from its 52-week low stand at 61.95 per cent, and the 52-week high is Rs 201.59. The stock showed a price volume breakout and a volume spike during the session, indicating increased market activity.

Sandur Manganese and Iron Ores Ltd traded at Rs 195.5, up 16.00 per cent from its previous close of Rs 168.54, with a traded volume of 3.63 crore shares. Returns from the 52-week low are 73.93 per cent, and the stock touched its 52-week high of Rs 198. The price volume breakout and volume spike indicate strong participation in the market.

Prozone Realty Ltd is currently trading at Rs 63.91, up 6.22 per cent from the previous close of Rs 60.17, with a traded volume of 3.46 crore shares. Returns from the 52-week low are 205.64 per cent, giving it multibagger returns, while the 52-week high is Rs 68.18. The stock experienced a price volume breakout and volume spike, reflecting active trading during the day.

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

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