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

India’s key equity benchmarks, the Nifty 50 and the Sensex, witnessed a bloodbath on Dalal Street on Friday, March 13, as both indices declined about 2 per cent. The benchmarks also registered their worst weekly performance in 15 months amid rising crude oil prices and fears of energy supply disruptions triggered by the ongoing Middle East war.

The Nifty 50 opened with a gap down of 176 points and extended its losses throughout the trading session. The index eventually closed below the 23,200 mark, hitting a fresh 10-month low. At the closing bell, the Nifty 50 fell by 488.05 points, or 2.06 per cent, to settle at 23,151.10.

The Sensex declined by 1,470.50 points, or 1.93 per cent, ending at 74,563.92. Meanwhile, the Bank Nifty index also ended sharply lower, dropping 1,343 points to close at 53,757. The Indian fear gauge, India VIX, surged by 5 per cent during the session, reflecting heightened volatility in the markets.

Top 3 price-volume breakout stocks:

Shares of IFCI Ltd saw active trading with volumes of about 21.71 crore shares, indicating strong participation during the session. The stock is currently trading at Rs 57.11, compared with its previous close of Rs 53.95, reflecting a gain of 5.86 per cent. During the day, the stock touched a high of Rs 59.83 and moved with increased volumes, indicating a price–volume breakout. The company has delivered 57.76 per cent returns from its 52-week low, while the market capitalisation stands at Rs 14,955.54 crore.

Shares of Solar-holdings-ltd-287433">Acme Solar Holdings Ltd recorded trading volumes of about 1.46 crore shares. The stock is currently trading at Rs 255.07, higher than its previous close of Rs 240.08, reflecting a gain of 6.24 per cent. The stock touched an Intraday high of Rs 262.8, with increased trading volumes during the session indicating a price–volume breakout. The stock has generated 47.76 per cent returns from its 52-week low, with the company’s market capitalisation at Rs 15,433.03 crore.

Shares of Authum Investment & Infrastructure Ltd witnessed trading volumes of about 40.92 lakh shares during the session. The stock is currently trading at Rs 460, compared with its previous close of Rs 449.45, reflecting a gain of 2.35 per cent. During the day, the stock touched a high of Rs 488.4 and saw higher trading volumes, indicating a price–volume breakout. The stock has delivered 30.97 per cent returns from its 52-week low, and the company’s market capitalisation stands at Rs 8,135.51 crore.

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

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