Two stocks that have recently broken out of their trading ranges signaling strong upward momentum and potential for further price movement. Range breakout occurs when a stock moves decisively above its recent trading range, signaling a potential strong price move. It is important for traders because it highlights emerging trends, offers momentum-based trading opportunities, and provides clear levels for entry, exit, and risk management.
Marico Ltd
Marico Limited is a leading Indian consumer goods company specializing in health, beauty, and wellness products. It operates in categories like edible oils, hair care, skin care, male grooming, and healthy foods, with popular brands such as Parachute, Saffola, Livon, Set Wet, and Kaya. The company has a strong presence in India and significant international markets, focusing on innovation, sustainability, and consumer-centric growth. With market capitalization of Rs. 95,972 cr, the shares of Marico ltd are currently trading at Rs. 739.65 apiece from its previous closing of Rs. 751.85 apiece.
Centum Electronics Ltd
Centum Electronics Ltd is a Bengaluru-based company specializing in design and manufacturing of advanced electronics systems, subsystems, and components. It serves critical sectors such as defence, space, aerospace, industrial, and medical electronics, providing high-reliability solutions. With strong R&D capabilities and global partnerships, Centum focuses on delivering customized, mission-critical products, making it a trusted partner for both Indian and international clients.
With market capitalization of Rs. 4,088 cr, the shares of Centum Electronics Ltd are currently trading at Rs. 2,781.70, making a high of Rs. 2,944.60 from its previous closing of Rs. 2,847.80 apiece.
Written by Manideep Appana
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