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

Indian equity benchmarks ended mostly flat on Monday, May 18, after recovering sharply from Intraday lows, supported by a rebound in information technology stocks following last week’s selloff triggered by concerns over AI-led disruption.

The Nifty 50 opened more than 160 points lower and slipped to an intraday low of 23,317.10 during early trade. However, the index staged a strong V-shaped recovery, climbing over 300 points from the day’s low to settle marginally higher. At the closing bell, the Nifty 50 ended at 23,649.25, up 6.45 points or 0.03 per cent.

The Sensex also recovered from early losses and closed 77.05 points, or 0.10 per cent, higher at 75,315.04. Meanwhile, the India VIX index surged more than 4 per cent, indicating heightened market volatility amid global uncertainty.

Top 3 price-volume breakout stocks:

Fineotex Chemical Ltd touched a high of Rs 30.52 with traded volume of 9.89 crore shares. The stock is currently trading at Rs 30.52 against the previous close of Rs 25.44, up 19.97 per cent. The company has delivered returns of 59.79 per cent from its 52-week low, while its market capitalisation stands at Rs 3,554.76 crore. The counter witnessed a price volume breakout along with a volume spike during the session.

Wakefit Innovations Ltd touched a high of Rs 168.85 with traded volume of 2.79 crore shares. The stock is currently trading at Rs 149.20 against the previous close of Rs 143.25, gaining 4.15 per cent. The stock has given returns of 25.67 per cent from its 52-week low and its market capitalisation is Rs 4,989.83 crore. The counter recorded a price volume breakout and volume spike in trade.

Jindal Drilling and Industries Ltd touched a high of Rs 690 with traded volume of 2.40 crore shares. The stock is currently trading at Rs 649 compared to the previous close of Rs 582, rising 11.51 per cent. The company has delivered returns of 47.47 per cent from its 52-week low, while its market capitalisation stands at Rs 1,886.56 crore. The stock saw a price volume breakout along with a volume spike during the trading session.

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

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