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

Indian benchmark equity indices ended with gains of more than 1 per cent on Friday, July 10, extending their winning streak for a second straight session. Strong quarterly earnings from Tata Consultancy Services (TCS), easing crude oil prices and a sharp decline in market volatility lifted investor sentiment, helping the Nifty 50 reclaim the 24,200 mark.

The Nifty 50 opened with a gap-up of over 150 points and maintained its upward momentum throughout the session. The index settled at 24,206.90, up 244.10 points or 1.02 per cent. The BSE Sensex climbed 827.57 points, or 1.08 per cent, to close at 77,569.39. Bank Nifty also ended higher by 1.39 per cent, finishing above the 58,000 mark. Meanwhile, India VIX declined around 8 per cent to slip below the 13 level, indicating easing market volatility.

Top 3 price-volume breakout stocks:

Zensar Technologies Ltd: Shares of Zensar Technologies Ltd were currently trading at Rs 508.20, up 13.59 per cent from the previous close of Rs 447.40. The stock recorded a traded volume of 4.70 crore shares during the session, indicating strong market participation. It touched an Intraday high of Rs 515.80, while its 52-week high stands at Rs 868.95. The stock has delivered 20.14 per cent returns from its 52-week low. The session also witnessed a price-volume breakout along with a volume spike, reflecting increased trading activity.

Mangalore Refinery and Petrochemicals Ltd: Shares of Mangalore Refinery and Petrochemicals Ltd were currently trading at Rs 161.85, rising 8.13 per cent compared with the previous close of Rs 149.68. The stock witnessed a traded volume of 3.73 crore shares during the day. It touched an intraday high of Rs 163.25, while its 52-week high is Rs 212.31. The stock has generated 34.43 per cent returns from its 52-week low. During the session, it registered a price-volume breakout along with a volume spike, indicating higher trading volumes.

Newgen Software Technologies Ltd: Shares of Newgen Software Technologies Ltd were currently trading at Rs 515.00, gaining 8.83 per cent over the previous close of Rs 473.20. The stock recorded a traded volume of 3.00 crore shares during the session. It touched an intraday high of Rs 542.90, while its 52-week high stands at Rs 1,125.90. The stock has delivered 28.41 per cent returns from its 52-week low. The session saw a price-volume breakout accompanied by a volume spike, indicating increased trading activity.

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

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