Penny Stocks: Stocks likely to be in focus tomorrow!

The Sensex closing significantly lower by 1.3 per cent at 70,506.31, while the Nifty plunged by 1.41 per cent, closing at 21,150.15.

On Wednesday's trading session, the benchmark indices concluded the day on a negative note, with the Sensex closing significantly lower by 1.3 per cent at 70,506.31, while the Nifty plunged by 1.41 per cent, closing at 21,150.15.

Similarly, broader indices also closed on a lower note, with Nifty Mid-Cap plunging by 3.27 per cent, while Nifty Small-Cap declined by 3.63 per cent.

Market volatility, as indicated by India VIX, has marginally surged by 4.2 per cent, reflecting a slight increase in market volatility.

Nifty Media, Nifty PSU Bank, Nifty Metal, and Nifty Energy were among the major losers, while no major sector traded positively.

ONGC, Tata Consumer Product, and Britannia were among the Top Gainers, while Adani Ports, Adani Enterprises, and UPL were among the top losing stocks from the Nifty 50.

About 194 stocks were advancing compared to 1870 stocks that were declining, indicating a pessimistic sentiment in the broader market.

The following Penny Stocks are likely to be in focus on Thursday, December 21, 2023:

AKG Exim- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent upper circuit, recording an intraday high of Rs 32.55 per share on NSE. Established in 2005, AKG Exim Ltd specializes in the trading of metals scrap, rice, spices, and dry fruits.

Eurotex Industries and Exports- 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 12.45 per share on NSE. Founded in 1989, Eurotex Industries and Exports Limited is involved in the manufacturing of cotton yarn and knitted fabric.

Kohinoor Foods- 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 49.49 per share on NSE. Established in 1989, Kohinoor Foods Ltd engages in the milling, processing, and selling of rice, along with trading food products and other agricultural commodities.

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.