Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, December 19, 2023:
On Monday's trading session, the benchmark indices concluded the day with a modest decline. The Sensex closed marginally lower by 0.24 per cent, settling at 71,315.10, while the Nifty experienced a slight dip of 0.18 per cent, closing at 21,418.65.
In contrast, broader indices performed positively, with Nifty Mid-Cap surging by 0.11 per cent and Nifty Small-Cap soaring by 0.71 per cent.
The market exhibited increased volatility, with India VIX rising by 5.88 per cent, reflecting the current fluctuations in market sentiment.
Among the sectors, Nifty Media, Nifty Pharma, and Nifty Metal emerged as the Top Gainers, while Nifty Realty, Nifty PSU Bank, and Nifty Bank faced declines.
Leading the gainers among individual stocks were Bajaj Auto, Hindalco, and Adani Ports, while Power Grid, ICICI Bank, and ITC stood out as the Top Losers in the Nifty 50.
The broader market sentiment appeared optimistic, with 1099 stocks advancing compared to 946 stocks declining, indicating a favorable overall market outlook.
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The following Penny Stocks are likely to be in focus on Tuesday, December 19, 2023:
Arshiya - 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 7.75 per share on NSE. Established in 1981, Arshiya Ltd specializes in intermodal logistics services, facilitating the seamless movement of goods across various modes of transportation.
EquiPPP Social Impact Technologies - 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 26.95 per share on NSE. Established in 2022, EquiPPP Social Impact Technologies Ltd specializes in providing technology solutions across diverse business sectors. The company leverages collaborative platforms and advanced technologies to address the unique needs and challenges of its clients.
Mcleod Russel India - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 10 per cent upper circuit to record an intraday high of Rs 30.15 per share on NSE. Mcleod Russel India Ltd, a constituent of the Williamson Magor Group, is actively involved in the cultivation, manufacturing, and sale of tea. The company operates within both domestic and international markets, contributing to the global tea industry.
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)
|
|
Sundaram Multi Pap
|
3.45
|
4.55
|
|
SKIL Infrastructure
|
6.65
|
4.72
|
|
Supreme Engineering
|
1.00
|
5.26
|
|
Antarctica
|
1.15
|
4.55
|
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.