Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Friday, October 06, 2023
On Thursday, the Sensex and Nifty concluded positively, posting gains of 0.62 per cent and 0.56 per cent, respectively. While Nifty Midcap remained stable, Nifty Smallcap showed a noteworthy increase of 0.63 per cent.
Prominent sectors that experienced gains included Nifty IT, Nifty Auto, and Nifty Media, whereas Nifty PSU Bank, Nifty Pharma, and Nifty Metal encountered substantial losses.
In terms of individual stocks, noteworthy gainers within the Nifty 50 were L&T, Bajaj Auto, and Titan, while Power Grid, Hindalco, and NTPC were prominent among the Top Losers.
The market sentiment received a lift thanks to favorable signals from PMI data and a correction in crude oil prices. Furthermore, we observed a decline in selling activity by foreign institutional investors (FIIs) and witnessed a resurgence in sectors such as banking and IT shares. As for the RBI policy, the prevailing market expectation is for interest rates to remain unchanged due to a subdued outlook in external demand, with concerns about a potential disinflationary trend in the future.
The following Penny Stocks are likely to be in focus on Friday, October 06, 2023:
Suzlon Energy - 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 29.50 per share on NSE. The scrip witnessed massive spurt in volume. Suzlon Energy Ltd manufactures wind turbine generators and related components.
Kanani Industries- 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 9.05 per share on NSE. Kanani Industries Ltd is engaged in the business of manufacture & export of diamond studded jewellery.
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Alankit- 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 11.40 per share on NSE. The company is mainly in the business of e-Governance and e-Governance products.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
|
Penny Stock
|
LTP (Rs)
|
Gain (per cent)
|
|
Diligent Media Corporation
|
4.2
|
5
|
|
MIC Electronics
|
29.9
|
4.91
|
|
Setubandhan Infrastructure
|
0.80
|
6.67
|
|
Kaushalya Infrastructure Development Corporation
|
8.3
|
4.4
|
Disclaimer: The article is for informational purposes only and not investment advice.