Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, May 16, 2024.

On Wednesday, the trading session concluded with Benchmark indices ending on a lower note. Sensex saw a moderate decline of 0.16 per cent, closing at 72,987.03 level, while Nifty also dipped by 0.08 per cent, closing at 22,200.55 level.

However, the Broader market witnessed significant gains, with Nifty Mid-Cap closing higher by 0.96 per cent and Nifty Small-Cap soaring by 0.58 per cent.

In terms of Market volatility there was a slight surge of 0.38 per cent, reflecting a minor increase in market volatility.

Nifty PSU Bank, Nifty Energy, and Nifty Realty closed positively, whereas Nifty FMCG, Nifty Media, and Nifty Auto were among the Top Losers.

With 2,161 stocks advancing compared to 1,641 stocks declining, the broader market sentiment remained positive.

The following Penny Stocks are likely to be in focus on Thursday, May 16, 2024:

Suzlon - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 42.20 per share on NSE. Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. 

RattanIndia Power - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 12.00 per share on NSE. RattanIndia Power Limited is one of India’s largest private power generation company, with installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India.

Salasar Engineering - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 20.90 per share on NSE. Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector.

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):  

Disclaimer: The article is for informational purposes only and not investment advice.