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

On Thursday, July 10, Indian benchmark indices ended the session lower, extending losses from the previous day. Market sentiment remained subdued as investors turned cautious ahead of the June quarter earnings season and awaited developments around a possible trade agreement with the United States. At market close, the Nifty 50 fell by 120.85 points or 0.47 per cent to settle at 25,355.25, while the Sensex declined by 345.80 points or 0.41 per cent to close at 83,190.28.

Top 3 price-volume breakout stocks:

Lloyds Engineering Works Ltd saw strong trading activity with a volume of approximately 4.47 crore shares on the day. The stock is currently trading at Rs 82.34, up from the previous close of Rs 76.81, marking a gain of 7.20 per cent. The stock touched a high of Rs 84.27 during the session, which also matches its 52-week high. With a market capitalisation of Rs 11,368.63 crore, the stock has delivered returns of 84.99 per cent from its 52-week low. The movement was supported by a price-volume breakout and a noticeable spike in trading volume.

Lemon Tree Hotels Ltd recorded a trading volume of about 2.16 crore shares. It is currently trading at Rs 158.10, compared to the previous close of Rs 146.01, reflecting a rise of 8.28 per cent. The stock reached an intraday high of Rs 161 and remains close to its 52-week high of Rs 162.40. With a market cap of Rs 12,496.11 crore, the returns from the 52-week low stand at 40.80 per cent. A price-volume breakout and an increase in trading volume were observed during the session.

Prostarm Info Systems Ltd witnessed a trading volume of roughly 2.04 crore shares. The stock is currently trading at Rs 215.10, rising from the previous close of Rs 196.87, marking an increase of 9.26 per cent. It touched a new 52-week high of Rs 216.55 during the session. The company has a market capitalisation of Rs 1,265.42 crore and has delivered multibagger returns of 99.17 per cent from its 52-week low. The trading activity indicates a price-volume breakout accompanied by a significant 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.