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

On Tuesday, September 2, Indian equity benchmark indices ended the trading session in negative territory after a volatile day. The Nifty 50 opened on a positive note and briefly reclaimed its 20-DMA, but selling pressure in the second half pushed the index down. This session also marked the first weekly derivative expiry shift on NSE, with expiries now moving from Thursday to Tuesday, adding to the volatility. At the close, the Nifty 50 slipped by 45.45 points, or 0.18 per cent, to settle at 24,579.60, while the Sensex fell by 206.60 points, or 0.26 per cent, to 80,157.89. Banking heavyweights ICICI Bank and HDFC Bank were among the key drags on the benchmark index.

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Top 3 price-volume breakout stocks:

Shree Renuka Sugars Ltd closed the day with a price volume breakout as it is currently trading at Rs 32.56 compared to the previous close of Rs 28.79, showing a 13.09 per cent rise. The stock touched a high of Rs 33.5 during the session, supported by a strong traded volume of 17.27 crore shares. The company has delivered returns of 31.77 per cent from its 52-week low, while its 52-week high stands at Rs 56.5. The market capitalisation of the company is Rs 6,990.09 crore.

Sammaan Capital Ltd witnessed a price volume breakout as it is currently trading at Rs 138.5, higher than its previous close of Rs 125.43, marking a 10.42 per cent gain. The stock made a high of Rs 140.5 in the day with a traded volume of 8.24 crore shares. The returns from the 52-week low stand at 41.89 per cent, with a 52-week high of Rs 174. The company’s market capitalisation is Rs 9,640.78 crore.

One MobiKwik Systems Ltd ended the day on a price volume breakout and volume spike as it is currently trading at Rs 284.89, up from its previous close of Rs 237.41, reflecting a 20.00 per cent increase. The intraday high also stood at Rs 284.89 with a traded volume of 6.65 crore shares. The stock has given 29.97 per cent returns from the 52-week low, with a 52-week high of Rs 698.3. The market capitalisation of the company is Rs 2,220.31 crore.

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

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