Stocks to watch: Don’t miss these outperforming stocks this next week

Some of the outperforming stocks have given a breakout with heavy volumes and should be on your watchlist.

The BSE Sensex slipped in the past four consecutive trading sessions and is down by almost 1.53% from its recent highs. BSE Smallcap index and BSE Midcap index however are down by more than 5% each.

While there is weakness in the market some of the stocks are showing strong momentum and are trading with a price volume breakout.

Following stocks should be on your watchlist:

1. CG Power: Multibagger CG Power continues to outperform after the company reported a stellar set of numbers this quarter. The Q2FY22 PAT climbs 72% to Rs 188 crore. The stock of CG Power was locked in the upper circuit when the market showed weakness on Friday. CG Power should be on your watchlist.

2. Rajratan global wire: Rajratan global wire declared an outstanding set of results this quarter. The shares of Rajratan global wire were locked in the upper circuit on Friday. The management announced that it is operating at full capacity and that the expansion strategy is well in place. The production capacity is slated to expand in the Thailand plant and a new facility will be created in Chennai to service the global clients as well. The shares of Rajratan global wire will be in limelight this week.

3. IRCON International: The shares of IRCON International, a railway construction company, managed to give a breakout from a long consolidation. The stock climbed by 11% on Friday. The stock carries a dividend yield of more than 6% at the current level and reflects a low PE of 11. The stock is catching investors' attention owing to its attractive valuations, high dividend yield and recent price momentum leading to a price-volume breakout.

4. Rail Vikas Nigam Ltd (RNVL): The shares of RNVL gained traction this week after a breakout with heavy volumes. The stock of RNVL jumped higher by 20%, locking itself in the upper circuit.