During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.
Here’s an in-depth look.
Sakuma Exports Ltd saw a significant surge today with a trading volume of 11,481,026 shares, marking a notable price volume breakout. The stock hit a 52-week high of Rs 32.4 and is currently trading at Rs 32.1, up from its previous close of Rs 28.4, reflecting a substantial 13.03% increase. This performance highlights a volume spike and an RSI of 66.15, indicating strong momentum. The market cap stands at Rs 1,002.34 crore. Over the past year, Sakuma Exports has delivered impressive multibagger returns of 130.63%. The stock’s breakout to a new 52-week high suggests continued bullish sentiment among investors.
Airan Ltd experienced a positive trading session with a volume of 449,685 shares, signaling a price volume breakout. The stock is currently trading at Rs 27.6, a 4.94% increase from the previous close of Rs 26.3. The stock is nearing its 52-week high of Rs 37 and shows a volume spike with an RSI of 65.91, indicating it is approaching overbought levels. The market cap of Airan Ltd is Rs 345.17 crore. Over the past year, the stock has yielded returns of 73.58%. This range breakout suggests potential for further upward movement, reinforcing investor confidence.
Sindhu Trade Links Ltd showed a moderate increase today with a trading volume of 1,732,329 shares, reflecting a price volume breakout. Currently trading at Rs 24.7, the stock is up 2.70% from its previous close of Rs 24.05. Although the stock is below its 52-week high of Rs 45.15, the volume spike and an RSI of 54.01 suggest a potential bottoming-out pattern. The market cap is Rs 3,808.56 crore. The stock has provided a modest 1.24% return over the past year. The range breakout indicates a potential trend reversal, hinting at further gains ahead.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
Published on: May 30, 2024, 5:04 PM IST
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