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

Indian equity markets closed higher on Friday, December 5, as rate-sensitive sectors rallied after the Reserve Bank of India reduced the key repo rate by 25 basis points to support economic growth. The Nifty 50 ended 152.70 points higher, up 0.59 per cent at 26,186.45, while the Sensex advanced 447.05 points, or 0.52 per cent, to settle at 85,712.37. The benchmarks also extended their previous session’s gains. India VIX declined 4.5 per cent, indicating easing market volatility.

Top 3 price-volume breakout stocks:

Mahindra and Mahindra Financial Services Ltd traded with a volume of about 1.54 crore shares, and the stock is currently trading at Rs 367.55 against its previous close of Rs 347, showing a 5.92 per cent rise. The price moved near its high of Rs 370.5 and stayed within reach of its 52-week high of Rs 387. The returns from the 52-week low stand at 58.76 per cent, supported by a price–volume breakout and a volume spike.

Genesys International Corporation Ltd recorded a trading volume of about 1.25 crore shares, and the stock is currently trading at Rs 439 compared with its previous close of Rs 399.1, showing a 10.00 per cent change. The price touched Rs 455 during the day, and the returns from the 52-week low are 12.49 per cent. The move came with a price–volume breakout and a volume spike.

Zuari Agro Chemicals Ltd saw trading volume of about 0.96 crore shares, and the stock is currently trading at Rs 293, higher than its previous close of Rs 262.65, marking an 11.56 per cent change. The day’s high stood at Rs 306.4, and the returns from the 52-week low are 73.17 per cent. The stock also showed a price–volume breakout and a volume spike.

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

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