Advising stock stock-specific approach in the current market scenario, the Anand Rathi expert listed five stocks that have given a decisive breakout on the technical chart. Those five breakout stocks are Punjab National Bank (PNB), Bank of Baroda (BoB), Adani Power, Bajaj Finserv, and Power Grid Corporation of India.
Open FlipNetweb Technologies shares jumped 5% to hit the upper circuit limit of ₹1,765.4 apiece on the BSE after the company reported multi-fold jump in its net profit to ₹ 29.6 crore in the three months ended March 2024. The strong growth in net profit was aided by heightened demand for artificial intelligence-driven solutions. The rise marks a nearly three-fold surge.
Open FlipShares of LKP Securities Ltd was locked in a 5% upper circuit to Rs 26,32 per share from its previous closing of Rs 23.88. The stock also made a fresh news 52-week high of Rs 26.32/share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs because the company announced a turnaround story with stellar Quarterly Results and annual results.
Open Flip