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

Indian benchmark indices ended higher on Monday, April 27, with the Sensex and Nifty 50 both rising around 0.8 per cent, supported by a rebound in information technology stocks and strong gains in Sun Pharma after a major global acquisition announcement.

The Nifty 50 opened with a gap-up of nearly 47 points and extended gains through the session, snapping a three-day losing streak. It crossed the key 24,000 level and closed at 24,092.70, up 194.75 points or 0.81 per cent. The Sensex also advanced strongly, gaining 639.43 points or 0.83 per cent to close at 77,303.64.

Market volatility eased significantly, with the Nifty Volatility Index (VIX) falling more than 6 per cent to below the 19 mark, indicating improved investor confidence.

Top 3 price-volume breakout stocks:

Suzlon Energy Ltd traded at a high of Rs 57.48 with volume of 21.60 crore shares. Currently trading at Rs 56.87 compared to previous close of Rs 53.91, it showed a change of 5.49 per cent. The stock moved with price volume breakout and volume spike. Returns from 52-week low stand at 48.91 per cent, with 52-week high at Rs 74.3 and market cap at Rs 78028.43 crore.

IRM Energy Ltd recorded a high of Rs 340.45 with volume of 6.93 crore shares. Currently trading at Rs 333 against previous close of Rs 283.71, it showed a change of 17.37 per cent. The stock showed price volume breakout and volume spike. Returns from 52-week low stand at 101.33 per cent, indicating multibagger returns, with 52-week high at Rs 393 and market cap at Rs 1341.12 crore.

HFCL Ltd traded at a high of Rs 107.9 with volume of 5.43 crore shares. Currently trading at Rs 107.2 compared to previous close of Rs 100.22, it recorded a change of 6.96 per cent. The stock showed price volume breakout and volume spike. Returns from 52-week low stand at 79.20 per cent, with 52-week high at Rs 107.9 and market cap at Rs 15403.42 crore.

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

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