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

On Monday, August 25, Indian benchmark indices closed higher, led by strong gains in information technology stocks. The rally came after US Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut next month, supporting investor sentiment. At the close, the Nifty 50 advanced 97.65 points or 0.39 per cent to settle at 24,967.75, while the Sensex gained 329.05 points or 0.40 per cent to end at 81,635.91. During the day, the Nifty 50 briefly touched the 25,000 mark, recording an intraday high of 25,021, driven by Large-Cap IT stocks such as Infosys and TCS.

Top 3 price-volume breakout stocks:

Kross Ltd was trading at Rs 206.11, up from its previous close of Rs 189.11, showing a rise of 8.99 per cent. The stock touched a high of Rs 207.8 during the day with traded volume of 3.39 crore shares. Market cap stood at Rs 1,310.75 crore. Returns from the 52-week low are 37.35 per cent, and the movement was supported by a price volume breakout and volume spike.

Edelweiss Financial Services Ltd was trading at Rs 101.54, compared to its previous close of Rs 93.86, showing an increase of 8.18 per cent. The day’s high reached Rs 101.7, with traded volume at 2.51 crore shares. The company’s market cap was Rs 9,303.39 crore. Returns from the 52-week low are 38.15 per cent, with a price volume breakout and volume spike indicating strong participation.

JK Paper Ltd was trading at Rs 406.5, up from its previous close of Rs 348.7, registering a gain of 16.58 per cent. The stock hit a high of Rs 415 during the session, with traded volume of 2.45 crore shares. Market cap stood at Rs 6,925.17 crore. Returns from the 52-week low are 47.42 per cent, and the stock showed a price volume breakout along with a volume spike.

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

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