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

On Monday, November 3, Indian equity benchmark indices ended higher, snapping a two-day losing streak. The markets consolidated after their biggest monthly gain in seven months during October, supported by stock-specific reactions to Quarterly Results and strength in select sectors.

At the close, the Nifty 50 rose 41.25 points, or 0.16 per cent, to 25,763, while the Sensex gained 39.78 points, or 0.05 per cent, to end at 83,978.49. Both indices remained about 2 per cent below their record highs. India’s volatility index (India VIX) rose over 4 per cent after a sharp Intraday move.

Top 3 price-volume breakout stocks:

Fineotex Chemical Ltd traded with strong activity as the stock recorded a volume of nearly 4.95 crore shares and closed at Rs 31.8, up from the previous close of Rs 29.83, reflecting a gain of 6.60 per cent. The stock made a high of Rs 35.79 during the day and remains near its 52-week high of Rs 38.39. With returns of 53.62 per cent from its 52-week low, the move was supported by a price-volume breakout and a noticeable volume spike.

HFCL Ltd registered a volume of around 3.05 crore shares and was trading at Rs 77.99 compared to the previous close of Rs 73.51, marking a rise of 6.09 per cent. The stock touched a high of Rs 78.1 during the session. It has delivered returns of 13.75 per cent from its 52-week low. The day’s move indicated a price-volume breakout with higher trading activity.

Shriram Finance Ltd witnessed a volume of 2.62 crore shares and was trading at Rs 795.15, higher than its previous close of Rs 748.9, showing an increase of 6.18 per cent. The stock touched a new high of Rs 799.9 and has given returns of 61.17 per cent from its 52-week low. The trading action reflected a price-volume breakout and a significant volume spike in the session.

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

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