Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Tuesday, December 12, 2023

In Monday's trading session, benchmark indices closed on a positive note, with the Sensex gaining 0.15 per cent and reaching a new all-time high of 70,057.83. The Nifty also closed higher by 0.13 per cent, setting a record high of 21,026.10.

Broader indices performed well, with Nifty Mid-Cap surging by 0.74 per cent and Nifty Small-Cap by 0.84 per cent.

Market volatility, measured by India VIX, saw a marginal 2.33 per cent increase, indicating a slight uptick in market volatility.

Top Gainers included Nifty PSU Bank, Nifty Media, and Nifty Metal. Nifty Financial Services traded flat, while Nifty Pharma was among the underperformers.

UPL, Ultratech Cement, and Adani Enterprises were top gainers, while Dr Reddy’s Laboratories, Cipla, and Axis Bank faced losses in the Nifty 50.

With 1257 advancing stocks against 794 declining ones, the broader market exhibited a positive sentiment.

The following Penny Stocks are likely to be in focus on Tuesday, December 12, 2023:

Adroit Infotech- 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 21.10 per share on NSE. Founded in 1990, Adroit Infotech Ltd specializes in SAP Support Services, aiding organizations in cost reduction and enhancing efficiency through internal process improvements using SAP products and solutions.

Energy Development Company- The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 20 per cent upper circuit, reaching an intraday high of Rs 26.15 per share on NSE. Established in 1995, Energy Development Company Ltd is engaged in the generation and sale of bulk power, along with trading power equipment.

Orient Green Power Company- 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 9.90 per share on NSE. Orient Green Power Company Limited, established as an independent producer of renewable power, focuses on developing, owning, and operating a diversified portfolio of Wind Energy Power Plants.

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

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.