These stocks are witnessing a strong price volume breakout

These stocks are witnessing a strong price volume breakout

by 5paisa Research Team Last Updated: Jan 19, 2023 - 10:09 am 3.7k Views
Listen icon

On Wednesday, Nifty 50 began flat on the back of lacklustre global trends. In this post, we have highlighted top stocks experiencing a strong price volume breakout.

Nifty 50 began unchanged on Wednesday at 18,074.3, compared to its previous closing of 18,053.3. This occurred in the context of weak global trends. Leading Wall Street indices finished down as a result of results from two major banks and Chinese data indicating a slowdown in economic development.

In overnight trade, Nasdaq Composite rose 0.14%, while Dow Jones Industrial Average and S&P 500 fell 1.14% and 0.2%, respectively. The benchmark 10-year Treasury note yielded 3.53%, up from 3.51% on Friday. Asian indices fell on Wednesday, mirroring the overnight activity on Wall Street. Except for Japan's Nikkei 225 index, all other Asian peers were trading in the negative.

Nifty 50 was trading at 18,110.4 at 10:30 a.m., up 57.1 points or 0.32%. When compared to frontline indices, broader market indices performed mixed. Nifty Mid-Cap 100 index climbed by 0.22%, while Nifty Small-Cap 100 index rose by 0.32%. 

On the BSE, the advance-decline ratio was positive, with 1910 stocks rising, 1236 falling, and 183 staying unchanged. Apart from realty, PSU banks and auto, all other sectors traded in the green.

FIIs and DIIs were net purchasers as of January 17, according to statistics. Foreign Institutional Investors (FIIs) purchased shares worth Rs 211.06 crore. Domestic Institutional Investors (DIIs) invested Rs 90.81 crore in shares.

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

Stock Name  

CMP (Rs)  

Change (%)  

Volume  

JTL Industries Ltd.  

367.7  

13.7  

20,57,343  

Hindalco Industries Ltd.  

497.4  

2.0  

36,47,964  

HDFC Bank Ltd.  

1,635.6  

1.7  

39,60,689  

Balrampur Chini Mills Ltd.  

405.6  

2.0  

22,88,478  

Hindustan Zinc Ltd.  

362.4  

4.3  

10,93,559  

TVS Electronics Ltd.  

420.3  

10.4  

8,42,990  

Allcargo Logistics Ltd.  

430.7  

4.6  

8,98,711 

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

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.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
DCG Cables and Wires IPO Listed with 10% Discount, Opens at ₹90 Apiece

DCG Cables and Wires IPO debuted weakly on NSE SME today. On NSE SME, DCG Cables and Wires share price opened at ₹90, 10% lower than the issue price of ₹100.

What you must know about Grill Splendour Services IPO?

Grill Splendour Services, founded in 2019, is network of gourmet bakeries & patisseries in Mumbai with 17 retail locations, central manufacturing plant, & many corporate clients that operate under brand name Birdy's.

What you must know about Ramdevbaba Solvent IPO?

Ramdevbaba Solvent Limited, established in 2008, produces & distributes physically refined rice bran oil. company manufactures, distributes, markets, & sells rice bran oil to FMCG firms like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, & Empire Spices & Foods Ltd.