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

On Thursday, November 13, Indian equity benchmarks ended nearly flat after trading off the day’s high, extending gains for the fourth straight session. The benchmarks were supported by buying in metal and financial stocks following optimism over the reopening of the US government and improved corporate earnings.

At the close, the Nifty 50 rose 3.35 points or 0.01 per cent to 25,879.15, while the Sensex gained 12.16 points or 0.01 per cent to end at 84,478.67. Both indices remain about 1.5 per cent below their record highs. India’s volatility gauge, India VIX, remained stable. President Trump signed legislation to end the longest US government shutdown, clearing uncertainty around key economic data and boosting expectations for a December rate cut by the Federal Reserve.

Top 3 price-volume breakout stocks:

Ashok Leyland Ltd: Ashok Leyland Ltd recorded a price volume breakout as the stock traded with high volumes of around 5.36 crore shares. The stock is currently trading at Rs 150.5, up 5.59 per cent from the previous close of Rs 142.53. It touched a day’s high of Rs 151.46, which is also its 52-week high. The market capitalisation stands at Rs 88,389.21 crore. Returns from the 52-week low are 56.89 per cent, showing a steady upward movement supported by a volume spike.

IPO-opens-for-subscription-heres-what-investors-should-know-49257">Belrise Industries Ltd: Belrise Industries Ltd showed a price volume breakout with about 3.40 crore shares traded during the session. The stock is currently trading at Rs 163.45, up 5.75 per cent from the previous close of Rs 154.56. It touched a high of Rs 168.5 during the day. The company’s market capitalisation stands at Rs 14,562.87 crore. Returns from the 52-week low are 83.34 per cent, reflecting sustained upward momentum supported by volume activity.

Precision Wires India Ltd: Precision Wires India Ltd witnessed a strong price volume breakout as 1.93 crore shares changed hands. The stock is currently trading at Rs 269.5, higher by 16.69 per cent from the previous close of Rs 230.96. It reached a 52-week high of Rs 277.15 during the session. With a market capitalisation of Rs 5,004.09 crore, the stock has delivered multibagger returns of 128.39 per cent from its 52-week low, backed by a volume spike and strong move.

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

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