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

On Tuesday, November 4, Indian equity markets ended lower as profit booking across major sectors offset the gains in Bharti Airtel and Titan following their Quarterly Results. The Nifty 50 index fell 165.70 points or 0.64 per cent to close at 25,597, while the Sensex declined 519.34 points or 0.62 per cent to settle at 83,459.15. Both indices remain about 2.5 per cent below their record highs. India’s volatility index, India VIX, stayed steady during the session.

All major sectors closed in negative territory. The Nifty Financial Services index fell 0.4 per cent, while Nifty PSU Bank slipped 0.11 per cent. Nifty IT declined 1.06 per cent as mixed views from US Fed officials led to uncertainty over a potential December rate cut. Nifty Metal dropped 1.44 per cent, leading sectoral losses.

Top 3 price-volume breakout stocks:

City Union Bank Ltd showed strong activity with a traded volume of around 3.90 crore shares. The stock is currently trading at Rs 254.6, higher than its previous close of Rs 236.04, marking a rise of 7.86 per cent. The company recorded a 52-week high of Rs 260.79 and a market capitalisation of Rs 19,231.47 crore. Returns from the 52-week low stand at 78.15 per cent, supported by a price-volume breakout and a volume spike.

Quadrant Future Tek Ltd witnessed a traded volume of about 1.66 crore shares. The stock is currently trading at Rs 330.95, compared to the previous close of Rs 309.55, showing a gain of 6.91 per cent. It has a 52-week high of Rs 744 and a market capitalisation of Rs 1,348.53 crore. Returns from the 52-week low are 15.15 per cent. The stock shows signs of a price-volume breakout with increased trading activity.

Garuda Construction and Engineering Ltd recorded a traded volume of nearly 1.65 crore shares. The stock is currently trading at Rs 224.5, up from the previous close of Rs 214.09, reflecting a rise of 4.86 per cent. With a 52-week high of Rs 238.94 and a market capitalisation of Rs 2,088.79 crore, the company has delivered multibagger returns of 191.37 per cent from its 52-week low. The movement is supported by 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.