Watch out for these strong breakout stocks on Monday

Watch out for these strong breakout stocks on Monday

by 5paisa Research Team Last Updated: Feb 27, 2023 - 10:32 am 794 Views
Listen icon

Nifty 50 started lower on the back of negative global trends. In this post, watch out for these strong breakout stocks as on February 27.

Nifty 50 began the new week down at 17,428.6, compared to its Friday closing of 17,465.8. This was due to weak global signals. US Fed's preferred inflation index, personal consumption expenditures, rose more than anticipated on Friday, sending key Wall Street indices down.

Global Markets   

The cost of goods and services in the United States increased by 0.6% in January, according to the personal consumption expenditures price index. The core index, which the US Fed favours as an inflation indicator, rose 0.6% in January and is up 4.7% year on year.

On Friday, Nasdaq Composite fell 1.69%, Dow Jones Industrial Average sank 1.02%, and S&P 500 tumbled 1.05%. Nonetheless, at the time of writing, their respective futures were trading in the green.

Asian market indices were trading in the red on Monday, mirroring Wall Street's Friday performance, with South Korea's KOSPI and Australia's S&P ASX 200 index suffering the most.

Domestic Markets   

Nifty 50 was trading at 17,387.8 at 9:48 a.m., down 78 points or 0.45%. Frontline indices, on the other hand, outperformed broader market indices. Nifty Mid-Cap 100 index dropped 0.97% and Nifty Small-Cap 100 index plunged 1.16%.

Market Statistics 

The advance-decline ratio on the BSE was negative, with 936 stocks rising, 1960 falling, and 177 staying unchanged. Except for banks, financial services, and realty, all other sectors were trading in the red.

FIIs were net sellers, while DIIs were net purchasers, according to statistics as of February 24. Foreign Institutional Investors (FIIs) sold shares worth Rs 1,470.34 crore. Domestic Institutional Investors (DIIs) invested Rs 1,400.98 crore in shares.

Breakout Stocks to Watch Out for on February 27

Stock Name  

CMP (Rs)  

Change (%)  


Olectra Greentech Ltd.  




One 97 Communications Ltd.  




Macrotech Developers Ltd.  




HDFC Bank Ltd.  




Bharat Dynamics Ltd.  




Share Market Today

How do you rate this article?


Start Investing in 5 mins*

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.


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. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about DOMS Industries IPO?

DOMS Industries Ltd was incorporated in the year 2006 as a stationery and art product company. The company is primarily engaged in designing, developing, manufacturing, and selling a wide range of stationery products under the flagship brand, DOMS.

DOMS Industries IPO GMP (Grey Market Premium)

About the DOMS Industries IPO DOMS

What you must know about Presstonic Engineering IPO?

Presstonic Engineering Ltd was incorporated in the year 1996, so the company has a pedigree of close to 28 years in the business.