Solid Positive Breakout : 5 Multibagger stocks; do you own them?

On Tuesday, the Nifty 50 index started out higher at 18,183.95, up from its previous closing value of 18,118.55. Strong worldwide tendencies were to blame for this. The major Wall Street indices ended the day with a hefty gain. A surge in interest in technology and semiconductor stocks may be to blame for this.

In overnight trading, the Nasdaq Composite increased by 2.01%, the Dow Jones Industrial Average increased by 0.76%, and the S&P 500 increased by 1.19%. Asian markets are trading in the green, with Hong Kong’s Hang Seng leading the pack, following the overnight activity on Wall Street.

At 11:30 a.m., the Nifty 50 was up 31.4 points or 0.17 percent, trading at 18,149.95. On the other hand, frontline indexes beat broader market indices. Each of the Nifty Small-Cap 100 and Nifty Mid-Cap 100 indexes was trading lower by 0.29 percent.

On the BSE, there were 187 unchanged stocks, 1629 rising ones, 1664 declining ones, and an advance-decline ratio of 0. All other sectors were trading flat to down, with the exception of metals, pharmaceuticals, banking, and real estate.

Statistics from January 23 show that FIIs were net sellers and DIIs were net buyers. FIIs (Foreign Institutional Investors) sold shares worth Rs. 219.87 crore. Shares worth Rs 434.96 crore were purchased by domestic institutional investors (DIIs). In the month to date, FIIs have net sold shares worth Rs 20,099.98 crore, while DIIs have purchased shares costing Rs 16,617.34 crore.

The stocks on the list below have experienced a strong upward breakout.