These stocks are experiencing a solid price volume breakout

These stocks are experiencing a solid price volume breakout

Indian Market
by 5paisa Research Team Last Updated: 2023-01-13T11:37:59+05:30

On the final trading day of the week, Nifty 50 begins flat with a bullish tilt on favourable global trends. In this post, we will highlight top stocks that are experiencing a solid price volume breakout.

On the penultimate trading day of the week, Nifty 50 began flat with a bullish bias at 17,867.5, up from its previous closing of 17,858.2. This was due to positive global trends. However, at the time of writing, Nifty 50 is down from the day's high. Leading Wall Street indices concluded higher on Thursday as the US Consumer Price Index (CPI) fell for the sixth month in a row.

In overnight trade, Nasdaq Composite increased by 0.64%, Dow Jones Industrial Average up by 0.64%, and S&P 500 climbed by 0.34%. Asian market indices were trading higher, mirroring the overnight action on Wall Street. Except for Japan's Nikkei 225 index, all others were trading in green.

Nifty 50 was trading at 17,819.35 at 10:45 a.m., down 38.85 points or 0.22%. When compared to frontline indices, broader market indices performed mixed. Nifty Mid-Cap 100 index dropped 0.58%, while Nifty Small-Cap 100 index was down 0.08%.

The advance-decline ratio on the BSE was favourable, with 1640 stocks rising, 1530 falling, and 158 staying unchanged. Apart from public sector banks and metals, all other sectors were flat to negative.

According to January 12 statistics, FIIs were net sellers while DIIs were net purchasers. Foreign Institutional Investors (FIIs) sold Rs 1,662.63 crore worth of shares. Domestic Institutional Investors (DIIs) invested Rs 2,127.65 crore in shares.

The following is a list of stocks that have seen a solid price volume breakout.

Stock Name  

CMP (Rs)  

Change (%)  

Volume  

One 97 Communications Ltd.  

554.6  

2.1  

38,94,388  

Cholamandalam Investment and Finance Company Ltd.  

707.0  

3.1  

12,25,054  

ICICI Prudential Life Insurance Company Ltd.  

470.4  

1.2  

17,98,127  

Cyient Ltd.  

906.8  

2.7  

11,38,402  

Ambuja Cements Ltd.  

513.9  

0.7  

20,44,341 


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number