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

On Friday, September 26, Indian equity benchmark indices extended their losing streak for the sixth consecutive session. The Nifty 50 ended down by 236.15 points, or 0.95 per cent, at 24,654.70, marking its steepest intraday fall in September. The Sensex closed lower by 733.22 points, or 0.90 per cent, at 80,426.46.

For the week, benchmark indices slipped 2.65 per cent, their biggest weekly drop in nearly six months. Both the Nifty 50 and the Sensex snapped a three-week winning run, finishing all five trading sessions in negative territory. The volatility index, India VIX, rose over 5 per cent and closed above the 11 mark.

Top 3 price-volume breakout stocks:

Aurum Proptech Ltd witnessed a trading volume of 1.27 crore shares and is currently trading at Rs 171.99, up from the previous close of Rs 160.47, marking a 7.18 per cent increase. The stock is trading 19.11 per cent above its 52-week low of Rs 144.5 and remains below its 52-week high of Rs 264.8. The price movement today shows a price volume breakout with a volume spike.

Bharat Gears Ltd recorded a trading volume of 1.09 crore shares and is currently trading at Rs 141.62, up from Rs 118.02 previously, a 20.00 per cent increase. The stock has returned 118.55 per cent from its 52-week low, indicating multibagger returns. The 52-week high is Rs 141.62. Price volume breakout and volume spike are observed in today’s session.

Automotive Stampings and Assemblies Ltd traded 68.11 lakh shares and is currently at Rs 598, rising from Rs 546 at the previous close, a 9.52 per cent increase. The stock has gained 51.20 per cent from its 52-week low and is trading below its 52-week high of Rs 819.6. The stock shows a price volume breakout and a volume spike in today’s movement.

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

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