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

On Friday, November 7, Indian equity markets ended lower for the third consecutive session as profit-booking across sectors offset optimism from strong corporate earnings and positive cues from India-US trade discussions. The Nifty 50 slipped 17.40 points or 0.07 per cent to close at 25,492.30, while the Sensex dropped 94.73 points or 0.11 per cent to settle at 83,216.28. Both indices are now about 3 per cent below their record highs.

Top 3 price-volume breakout stocks:

L&T Finance Ltd witnessed a strong price and volume action as the stock touched a high of Rs 305.4 and is currently trading at Rs 304.5, marking a gain of 10.65 per cent from the previous close of Rs 275.2. The traded volume stood at around 7.06 crore shares, indicating heavy participation. The stock has given multibagger returns of 135.68 per cent from its 52-week low, supported by a price volume breakout and a notable volume spike.

Bank-Ltd-132218">South Indian Bank Ltd recorded active trading with a total volume of about 6.49 crore shares. The stock is currently trading at Rs 39.25, up 6.74 per cent from the previous close of Rs 36.77. It reached an Intraday high of Rs 39.39 and has shown returns of 76.25 per cent from its 52-week low. The move was accompanied by a price-volume breakout and a visible volume spike.

BSE Ltd registered a significant move as the stock reached a high of Rs 2718.7 and is currently trading at Rs 2666.9, showing a rise of 8.61 per cent from the previous close of Rs 2455.5. The traded volume stood at approximately 2.03 crore shares. The stock has delivered multibagger returns of 117.29 per cent from its 52-week low, supported by a price-volume breakout and a notable increase in trading activity.

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

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