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

Indian equity benchmarks ended lower on Thursday, April 23, with both the Nifty 50 and Sensex declining by nearly 1 per cent amid rising geopolitical tensions and a sharp surge in crude oil prices. Financial and auto stocks led the losses as Brent crude crossed the USD 100 per barrel mark after Iran seized two ships in the Strait of Hormuz, dampening investor sentiment.

The Nifty 50 opened with a gap-down of around 175 points and remained under pressure throughout the session, extending losses from the previous day. By the close, the index slipped 205.05 points, or 0.84 per cent, to settle at 24,173.05, falling below the crucial 24,200 level. The Sensex declined 852.49 points, or 1.09 per cent, to end at 77,664. The Nifty volatility index hovered around 18, indicating continued market uncertainty.

Top 3 price-volume breakout stocks:

Irm Energy Ltd traded with a volume of about 7.07 crore shares, indicating strong participation. The stock is currently trading at Rs 294 compared to its previous close of Rs 252.66, reflecting a gain of 16.36 per cent. It has delivered returns of 77.75 per cent from its 52-week low. The price and volume data suggest a price volume breakout supported by a volume spike.

Delta Corp Ltd recorded traded volume of around 6.03 crore shares. The stock is currently trading at Rs 81.6 against its previous close of Rs 68, showing an increase of 20.00 per cent. It has posted returns of 68.94 per cent from its 52-week low. The move is supported by higher volumes, indicating a price volume breakout along with a volume spike.

Piramal Pharma Ltd saw traded volume of nearly 5.24 crore shares. The stock is currently trading at Rs 163.96 compared to its previous close of Rs 153.81, marking a rise of 6.60 per cent. It has generated returns of 23.93 per cent from its 52-week low. The data reflects a price volume breakout with a noticeable increase in trading volumes.

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

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