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

Indian equity benchmarks ended lower on Friday, June 19, with the Nifty 50 and Sensex falling about 0.70 per cent, snapping a five-session winning streak. Weak sentiment in information technology stocks after a subdued outlook from Accenture, along with declines in HDFC Bank and Reliance Industries, weighed on the market.

The Nifty 50 opened 82 points lower and slipped to an Intraday low of 23,901.90 in early trade. It recovered gradually during the session and briefly reclaimed the 24,000 mark, but failed to sustain gains and eventually closed in negative territory. The Nifty 50 ended at 24,013.10, down 125.30 points or 0.64 per cent, while the Sensex declined 607.08 points or 0.78 per cent to close at 76,802.90. India VIX remained largely stable, suggesting steady volatility expectations.

Top 3 price-volume breakout stocks:

New India Assurance Company Ltd witnessed a strong volume-led move during the session. The stock is currently trading at Rs 200.90, up 12.44 per cent from its previous close of Rs 178.67. It touched an intraday high of Rs 206.60 against its 52-week high of Rs 214.74. Around 11.96 crore shares changed hands during the day, indicating significant trading activity. The stock has delivered returns of 71.75 per cent from its 52-week low and was seen in a price-volume breakout accompanied by a volume spike.

Restaurant Brands Asia Ltd also recorded heightened trading activity. The stock is currently trading at Rs 73.99, gaining 6.17 per cent from its previous close of Rs 69.69. It hit an intraday high of Rs 78.80, while its 52-week high stands at Rs 87.65. Trading volume stood at 7.78 crore shares. The stock has generated returns of 29.47 per cent from its 52-week low and was observed in a price-volume breakout with a volume spike during the session.

SBC Exports Ltd saw increased participation from market participants. The stock is currently trading at Rs 44.00, up 10.33 per cent compared to its previous close of Rs 39.88. It touched an intraday high of Rs 45.00, which is also its 52-week high. A total of 5.94 crore shares were traded during the session. The stock has delivered multibagger returns of 209.64 per cent from its 52-week low and was witnessing a price-volume breakout along with a 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.