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

On Thursday, February 12, India’s key equity benchmarks ended in the red, dragged lower by heavy selling in information technology stocks amid fading hopes of near-term U.S. rate cuts and rising concerns over artificial intelligence-led disruption.

After opening lower, the Nifty 50 slipped to the day’s low of 25,750 and traded in a 154.30-point range. Volatility remained stable, with India VIX rising 1.45 per cent during the session.

At the close, the Nifty 50 declined 146.65 points, or 0.57 per cent, to settle at 25,807.20. The Sensex fell 558.72 points, or 0.66 per cent, to 83,674.92. The Nifty 50 snapped its four-day winning streak, while the Sensex extended its previous losses. The Nifty Bank ended largely flat with a marginal loss of 0.01 per cent.

Top 3 price-volume breakout stocks:

Hindustan Copper Ltd made a new 52-week high at Rs 643 and was currently trading at Rs 637.9 after closing the previous day at Rs 562.15, showing a day change of 13.48 per cent. Returns from the 52-week low stood at 247.02 per cent, indicating multibagger returns. Traded volume was about 10.83 crore shares, showing a volume spike along with a price-volume breakout. With a market capitalisation of Rs 61153.64 crore and the stock near its high, the move came with strong volume support.

Oil and Natural Gas Corporation Ltd touched a 52-week high of Rs 269.65 and was currently trading at Rs 268.23 compared to the previous close of Rs 247.95, marking a gain of 8.18 per cent. Returns from the 52-week low were 30.84 per cent. The stock recorded a traded volume of about 7.34 crore shares with a price-volume breakout and volume spike. Market capitalisation stood at Rs 337955.24 crore, and the price move was accompanied by higher traded volumes.

Bharat Electronics Ltd marked a 52-week high at Rs 457.5 and was currently trading at Rs 454.25 versus the previous close of Rs 415.95, resulting in a 9.21 per cent day change. Returns from the 52-week low were 89.07 per cent. Traded volume was around 7.20 crore shares, indicating a volume spike and price-volume breakout. With a market capitalisation of Rs 331425.33 crore, the stock traded near the higher end of its 52-week range with increased volumes.

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

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