These stocks are experiencing a strong price volume breakout

These stocks are experiencing a strong price volume breakout

Indian Market
by 5paisa Research Team Last Updated: 2023-01-12T12:37:56+05:30

Nifty 50 opened higher amid strong global cues, however, is off day’s high. This article lists stocks that are experiencing a strong price volume breakout.

Nifty 50 opened today’s session on a positive note at 17,920.85 as against its previous close of 17,895.7. This was a result of strong global cues. However, at the time of writing, Nifty 50 was off day’s high. Key Wall Street indices ended higher on Wednesday amid anticipation of a muted rate hike.

Nasdaq Composite concluded up 1.76%, Dow Jones Industrial Average surged 0.8% and S&P 500 jumped 1.28% in overnight trade. Tracking the overnight action of Wall Street, Asian indices traded mixed with only Hong Kong’s Hang Seng and China’s SSE Composite trading lower.

At 11:30 a.m., Nifty 50 was trading at 17,814.75, down by 80.95 points or 0.45%. Broader market indices performed mixed compared to the frontline indices. Nifty Mid-Cap 100 index was trading down by 0.2% and Nifty Small-Cap 100 index gained 0.03%.

On BSE, the advance-decline ratio was negative with 1474 stocks advancing, 1804 declining and 153 remaining unchanged. On the sectoral front, all the sectors are trading flat to negative.

According to the data as on January 11, FIIs were net sellers and DIIs were net buyers. Foreign Institutional Investors (FIIs) sold shares to the tune of Rs 3,208.15 crore. Domestic Institutional Investors (DIIs) bought shares worth Rs 2,430.62 crore.

The following is the list of stocks witnessing a strong price volume breakout.

Stock Name 

CMP (Rs) 

Change (%) 

Volume 

Cholamandalam Investment and Finance Company Ltd. 

685.0 

2.9 

13,46,814 

Hikal Ltd. 

413.0 

3.5 

9,47,123 

HCL Technologies Ltd. 

1,069.5 

1.4 

12,54,582 

Ambuja Cements Ltd. 

511.0 

0.6 

20,54,066 

Navin Fluorine International Ltd. 

4,113.1 

5.3 

5,65,658 

Credit Analysis and Research Ltd. 

660.4 

4.3 

5,90,723 

Sona BLW Precision Forgings Ltd. 

432.6 

1.3 

8,34,871 

Larsen & Toubro Ltd. 

2,143.0 

0.8 

9,41,997 

Container Corporation of India Ltd. 

725.3 

0.6 

11,01,394 

MTAR Technologies Ltd. 

1,687.2 

3.9 

4,60,314 


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