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

On Thursday, September 4, Indian equity benchmarks closed in positive territory, extending their previous day’s gains despite sharp intraday volatility. The Nifty 50 opened with a gap-up but soon slipped over 259 points to the day’s low before recovering strongly in the last hour of trade. At the close, the Nifty 50 gained 19.25 points, or 0.08 per cent, to settle at 24,734.30, while the Sensex rose by 150.30 points, or 0.19 per cent, to 80,718.01.

Top 3 price-volume breakout stocks:

Electronics Mart India Ltd recorded a price volume breakout with volumes of around 6.16 crore shares traded. The stock is currently trading at Rs 144.57 compared to its previous close of Rs 130.8, showing a gain of 10.53 per cent. The 52-week high stands at Rs 225.5, and the market cap is Rs 5,579.51 crore. Returns from the 52-week low are 30.11 per cent, indicating a strong move supported by volume spike.

Moschip Technologies Ltd witnessed heavy activity with volumes of about 4.58 crore shares. The stock is currently trading at Rs 225.6 against its previous close of Rs 192.69, reflecting a rise of 17.08 per cent. The 52-week high is Rs 229.4, and the market cap is Rs 3,799.47 crore. Returns from the 52-week low are 73.57 per cent, with the day showing a price volume breakout and volume spike.

MIC Electronics Ltd saw trading volumes of around 4.17 crore shares. The stock is currently trading at Rs 54.98, higher than its previous close of Rs 51.48, marking an increase of 6.80 per cent. The 52-week high is Rs 114.79, and the market cap is Rs 1,226.81 crore. Returns from the 52-week low are 24.39 per cent, and the stock showed a price volume breakout along with a noticeable 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.