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

The Indian equity benchmarks, Sensex and Nifty 50, ended sharply lower on Friday, April 24, declining over 1 per cent each amid rising crude oil prices and weakness in IT stocks following a disappointing revenue outlook from Infosys.

The Nifty 50 opened with a gap-down of around 72 points and extended losses throughout the session, marking its third consecutive day of decline. By the close, the index slipped below the 24,900 mark, ending at 23,897.95, down 275.10 points or 1.14 per cent. The Sensex also fell significantly, losing 982.71 points or 1.27 per cent to settle at 76,681.29.

On a weekly basis, both indices snapped their recent gaining streak. The Nifty 50 declined 1.87 per cent, while the Sensex dropped 2.37 per cent.

Top 3 price-volume breakout stocks:

Himadri Speciality Chemical Ltd is currently trading at Rs 563.7 compared to its previous close of Rs 536.2, marking a gain of 5.13 per cent. The stock recorded a traded volume of around 7.73 crore shares, indicating a noticeable pickup in activity alongside the price move. It touched a high of Rs 605, which is also its 52-week high, while delivering returns of 37.42 per cent from its 52-week low. The combination of higher volume and price movement reflects a price volume breakout during the session.

Vidya Wires Ltd is currently trading at Rs 83.53 against its previous close of Rs 76.76, up 8.82 per cent. The traded volume stood at approximately 6.00 crore shares, showing increased participation during the move. The stock hit a high of Rs 88.78, also its 52-week high, and has generated returns of 96.49 per cent from its 52-week low. The session reflects a price volume breakout supported by a volume spike.

JTL Industries Ltd is currently trading at Rs 81.3 compared to its previous close of Rs 76.17, registering a gain of 6.73 per cent. It saw traded volumes of about 1.30 crore shares, suggesting a rise in activity. The stock touched a high of Rs 82.7 during the session and remains below its 52-week high of Rs 85.99, while delivering returns of 101.99 per cent from its 52-week low, indicating multibagger returns. The movement is accompanied by a price volume breakout and 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.