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

On Monday, October 27, Indian equity benchmark indices ended higher, supported by strong gains in Reliance Industries and Bharti Airtel. After a gap-up opening, the Nifty 50 touched an Intraday high of 26,005 before consolidating within a narrow range and closing just below the 26,000 mark.

At the close, the Nifty 50 rose 170.90 points, or 0.66 per cent, to settle at 25,966.05, while the Sensex gained 566.96 points, or 0.67 per cent, to end at 84,778.84. Both benchmark indices remain around 1.2 per cent below their record highs. Meanwhile, India’s volatility index, India VIX, advanced over 2 per cent during the session. The overall market sentiment was supported by firm expectations of potential US rate cuts and positive developments in US-China trade negotiations.

Top 3 price-volume breakout stocks:

Arihant Capital Markets Ltd traded with strong activity today as the stock touched a high of Rs 110 and is currently trading at Rs 107.21 compared to its previous close of Rs 99.49, showing a gain of 7.76 per cent. The traded volume stood at around 77.97 lakh shares, indicating a notable rise in participation. The company’s market capitalization is Rs 1,124.89 crore, and the stock has delivered returns of 84.37 per cent from its 52-week low, reflecting a price volume breakout and a volume spike.

Firstsource Solutions Ltd witnessed a price volume breakout as the stock reached a high of Rs 356 and is currently trading at Rs 352 against its previous close of Rs 326.35, up by 7.86 per cent. Around 1.88 crore shares were traded during the session. The company has a market capitalization of Rs 24,325.30 crore, and returns from its 52-week low stand at 30.37 per cent, supported by a strong move in volumes.

Essar Shipping Ltd recorded a strong session with the stock touching a high of Rs 38.54 and currently trading at Rs 37.09, up 15.47 per cent from the previous close of Rs 32.12. The traded volume stood at 14.41 lakh shares. The company’s market capitalization is Rs 767.67 crore, and it has provided returns of 72.51 per cent from its 52-week low, reflecting a price volume breakout with a visible 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.