Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, December 15, 2023

In Thursday's trading session, benchmark indices closed on a positive note, with the Sensex surging by 1.34 per cent to reach 70,514.21, and the Nifty recording a gain of 1.32 per cent, closing at 21,202.25.

The broader market also witnessed upward movement, with the Nifty Mid-Cap surging by 1.39 per cent and the Nifty Small-Cap rising by 0.91 per cent.

Market volatility, as indicated by the India VIX, increased by 2.11 per cent, signaling a slight uptick in market volatility.

Top Gainers among sectors included Nifty Realty, Nifty IT, and Nifty Financial Services, while Nifty Media was the only major sector that underperformed.

Leading the gainers in individual stocks were Tech Mahindra, LTIMindtree, and Infosys, while Power Grid, HDFC Life, and Nestle India were among the top losing stocks from the Nifty 50.

The market breadth showed positive sentiment, with about 1120 stocks advancing compared to 922 stocks declining, indicating an optimistic outlook in the broader market.

The following Penny Stocks are likely to be in focus on Friday, December 15, 2023:

Atlanta - 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 24.50 per share on NSE. Established in the year 1977, Atlanta Ltd actively operates in the construction industry.

Beardsell - 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 47.95 per share on NSE. Founded in 1936, Beardsell Ltd specializes in the manufacturing and supply of Expanded Polystyrene products and Prefabricated Building solutions.

California Software - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 20 per cent upper circuit to record an intraday high of Rs 20.30 per share on NSE. Established in 1992, California Software Ltd is actively involved in the realms of Software Development, Implementation, Support, Validation, and Testing.

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.