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

On Friday, October 31, Indian equity benchmark indices extended losses for the second consecutive session as investors booked profits after the US Federal Reserve hinted at uncertainty over a December rate cut. Sentiment also weakened after SEBI’s circular on eligibility criteria implementation weighed on heavyweight financials, with HDFC Bank and ICICI Bank among the major laggards.

At the close, the Nifty 50 fell 155.75 points, or 0.6 per cent, to end at 25,722.10, while the Sensex declined 465.75 points, or 0.55 per cent, to settle at 83,938.71. On a weekly basis, the Nifty 50 slipped 0.28 per cent, snapping its four-week winning streak. For October, the index extended its September gains by 4.51 per cent.

Top 3 price-volume breakout stocks:

IDBI Bank Ltd surged 5.98 per cent to close at Rs 103.75, compared to its previous close of Rs 97.9. The stock touched an Intraday high of Rs 106.97, marking a fresh 52-week high. Trading volume stood at 8.63 crore shares, indicating strong participation. With a market capitalisation of Rs 1,11,362.61 crore, the stock has delivered 57.46 per cent returns from its 52-week low.

Chennai Petroleum Corporation Ltd gained 9.71 per cent to end at Rs 970.9, up from Rs 885 in the previous session. The stock hit a 52-week high of Rs 998 during the day on a robust traded volume of 3.46 crore shares. Its market capitalisation stood at Rs 14,592.26 crore, and it has returned 124.17 per cent from its 52-week low.

Mufin Green Finance Ltd hit the Upper Circuit with a 19.99 per cent rise, closing at Rs 118.29 against Rs 98.58 in the previous session. The counter saw heavy activity with 1.80 crore shares traded. The company’s market capitalisation reached Rs 2,043.22 crore, and it has gained 87.43 per cent from its 52-week low.

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

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