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

The Indian stock market ended mostly flat on Thursday, May 21, as benchmark indices erased early gains amid profit booking after reports suggested that the Reserve Bank of India (RBI) is considering measures, including a possible interest rate hike, to stabilise the rupee.

The Nifty 50 opened over 170 points higher and climbed to an Intraday high of 23,859.90 during the session. However, the index later slipped more than 200 points from the day’s high due to selling pressure in select heavyweight stocks. At the close, the Nifty 50 settled marginally lower by 4.3 points, or 0.02 per cent, at 23,654.70.

The Sensex also ended in the red, declining 135.03 points, or 0.18 per cent, to close at 75,135.03. Meanwhile, the India VIX index declined 3 per cent, indicating easing volatility in the market.

Top 3 price-volume breakout stocks:

Sammaan Capital Ltd traded at Rs 154.75, up 9.13 per cent from its previous close of Rs 141.80. The stock touched an intraday high of Rs 158.60, while trading volumes stood at 12.01 crore shares. The company has delivered returns of 35.63 per cent from its 52-week low. The move was accompanied by a price-volume breakout and a volume spike, indicating increased trading activity in the counter.

JSW Cement Ltd was currently trading at Rs 127.99, gaining 5.86 per cent against its previous close of Rs 120.91. The stock hit a high of Rs 132.13 during the session, with trading volume at 4.11 crore shares. The stock has risen 20.01 per cent from its 52-week low. The counter witnessed a price-volume breakout along with a volume spike during trade.

SBC Exports Ltd traded at Rs 37.77, higher by 6.51 per cent compared to its previous close of Rs 35.46. The stock touched its 52-week high of Rs 38.31 in the session, while volumes stood at 3.00 crore shares. The company has delivered multibagger returns of 165.80 per cent from its 52-week low. The stock also saw a price-volume breakout and a volume spike during the day.

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

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