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

Indian equity benchmarks ended lower on Monday, April 13, with both the Sensex and Nifty 50 declining nearly 1 per cent, tracking weak Asian markets. The downturn came after crude oil prices surged above USD 100 per barrel following the failure of U.S.-Iran peace talks over the weekend, raising concerns about India’s economic growth and corporate profitability.

The Nifty volatility index rose sharply to 20.5 from 18.8 on Friday, indicating heightened market uncertainty. Among index heavyweights, HDFC Bank declined significantly, while oil-to-telecom conglomerate Reliance Industries dropped 2.6 per cent, weighing on the benchmarks.

The Nifty 50 opened with a gap-down of 290 points but managed to recover some losses during the session. At close, the index was down by 207.95 points, or 0.86 per cent, settling at 23,842.65, slipping below the crucial 24,000 mark. The Sensex fell 702.68 points, or 0.91 per cent, to close at 76,847.57. Meanwhile, the Bank Nifty showed relative resilience, declining 0.55 per cent to end at 55,605.

Top 3 price-volume breakout stocks:

NTPC Green Energy Ltd saw a volume of around 9.12 crore shares, indicating active participation during the session. The stock is currently trading at Rs 104.28, compared to its previous close of Rs 97.17, registering a gain of 7.32 per cent. The move comes with a price volume breakout and volume spike, suggesting increased trading interest. The stock has delivered 24.14 per cent returns from its 52-week low, showing a steady recovery trend supported by higher volumes.

Enviro Infra Engineers Ltd recorded traded volumes of about 8.57 crore shares, reflecting strong market activity. The stock is currently trading at Rs 194.81, up from its previous close of Rs 173.15, marking a rise of 12.51 per cent. The session reflects a price volume breakout along with a volume spike. The stock has given 44.61 per cent returns from its 52-week low, indicating a sustained upward movement backed by high volumes.

Zydus Wellness Ltd witnessed traded volumes of nearly 2.91 crore shares, showing notable participation. The stock is currently trading at Rs 508.3, compared to its previous close of Rs 489.75, gaining 3.79 per cent. The stock is also seeing a price volume breakout and volume spike during the session. It has delivered 53.56 per cent returns from its 52-week low, reflecting consistent price movement supported by increased volume.

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

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