These stocks are experiencing a strong price volume breakout

5paisa Research Team 12th January 2023 - 12:37 pm

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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5paisa Research Team

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.

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