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

Indian equity benchmark indices ended on a mixed note on Tuesday, as weakness in information technology (IT) stocks offset gains in financial services, FMCG and metal shares. Market sentiment also remained cautious due to the weekly expiry of Nifty derivatives.

The BSE Sensex snapped its two-day winning streak and closed 0.05 per cent lower at 85,524.84. In contrast, the NSE Nifty50 extended its rally for a third consecutive session, edging up 0.02 per cent, or 4.75 points, to settle at 26,177.15.

Top 3 price-volume breakout stocks:

Jupiter Wagons Ltd: Jupiter Wagons Ltd touched a high of Rs 358.25 during the session and is currently trading at Rs 335, compared with a previous close of Rs 310.45, registering a rise of 7.91 per cent. The stock saw trading volume of about 13.57 crore shares, indicating higher participation compared with usual activity. Price movement was accompanied by a price–volume breakout and a visible volume spike. Despite trading below its 52-week high of Rs 544.8, the stock has delivered returns of 35.55 per cent from its 52-week low. The market capitalisation stands at Rs 11,047.56 crore.

Belrise Industries Ltd: Belrise Industries Ltd hit its 52-week high of Rs 179.9 and is currently trading at Rs 167.68, up from the previous close of Rs 158.36, showing a gain of 5.89 per cent. The trading volume was around 10.16 crore shares, reflecting increased activity during the session. The stock recorded a price–volume breakout along with a volume spike. Returns from the 52-week low stand at 88.09 per cent, while the market capitalisation is Rs 14,934.80 crore.

Ircon International Ltd: Ircon International Ltd moved to a session high of Rs 177.38 and is currently trading at Rs 168.8, compared with a previous close of Rs 156.81, marking a rise of 7.65 per cent. The stock witnessed trading volume of nearly 5.76 crore shares, higher than average levels. The move was supported by a price–volume breakout and a volume spike. Even though it remains below its 52-week high of Rs 229.5, the stock has posted returns of 25.74 per cent from its 52-week low. The company’s market capitalisation is Rs 15,944.90 crore.

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

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