Breakout Stocks With High Volume

Breakout stocks, also known as stocks near breakout, are a specific category of stocks that experience a significant price movement, usually upwards, after breaking through a certain price level or trading range. Due to their potential to yield significant profits within a short timeframe, these stocks capture the interest of traders and investors, which can result in a significant increase in trade volume. In this article, let’s filter breakout stocks using daily volume, close price, and % away from their 52-week high and low.

Breakout stocks with high volume

Note: The stocks are filtered using Tickertape Stock Screener on 4th July 2023. Below-mentioned filters are used to get the list of breakout stocks with high volume.

• Close Price: Above 10 – Set the lower limit to 10
• % Away from 52-Week High: Set to Near 52WH – Sort from highest to lowest
• % Away from 52-Week Low: Set the lower limit to 100
• Daily Volume: Above 1,00,000 – Set the lower limit to 100000

Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.

Details of top 3 breakout stocks

1. Capacite Infraprojects Ltd

Capacite Infraprojects is a civil construction company which offers construction services, including high-rise buildings, townships, mass housing projects, bungalows, commercial and office complexes, and institutional buildings. Here are some insights into the financials of the stock – 

• Over the last 5 yrs, the revenue growth has averaged 11.99%, vs the industry average of 8.2%.
• The net income has averaged 558.13%, vs the industry average of 49.11% in the last 5 yrs.
• The expected revenue growth of 16.64% for next year is more than the last 3-yr CAGR revenue growth of 5.18%.

For more details on the stock’s financials, click here.

2. Jay Bharat Maruti Ltd

Jay Bharat Maruti Limited is engaged in the business of manufacturing components for automobiles. Here are some insights into the financials and performance of the stocks –

• Over the last 5 yrs, revenue growth has averaged 8%, vs the industry average of 8.93%.
• The net income has averaged -4.49%, vs the industry average of 76.82% in the last 5 yrs.
• Based on the performance score, the stock shows good signs of profitability and efficiency, with a score of 6.9 out of 10.

For more information on the stock’s financials, click here.

3. Jammu and Kashmir Bank Ltd

The Jammu & Kashmir Bank Limited offers a range of products and services such as loans, insurance, tax products/planning, savings and deposits, cards, mutual funds and non-resident banking. Here are some insights into the financials and performance of the stocks –

• Over the last 5 yrs, the revenue growth has averaged 7.59%, vs the industry average of 12.23%.
• The net income has averaged 13.53%, vs the industry average of 28.2% in the last 5 yrs.
• The expected return of -19.29% from the current price level is less than the last 3-yr CAGR of 14.80%.
• The stock is underpriced and is not in the overbought zone.
• Based on the performance score, the stock shows good signs of profitability and efficiency, with a score of 6.6 out of 10.

For more information on the stock’s financials, click here.

To conclude

Breakout stocks present exciting opportunities for traders and investors to participate in significant price movements. By identifying and capitalising on these breakout patterns, market participants can potentially generate substantial profits. However, it is important to remember that breakout trading carries risks, and proper risk management strategies should be employed to protect capital. Additionally, thorough research and analysis are essential for successfully identifying breakout stocks and making informed trading decisions.

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Anjali Chourasiya

I am a finance enthusiast who loves exploring the world of money through my lens. I’ve been dedicated to building systems that work and curating content that helps people learn.

As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!

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