Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, December 29, 2023

In Thursday's trading session, benchmark indices closed the day on a positive note, achieving new all-time highs. The Sensex recorded a moderate gain of 0.52 per cent, reaching a new all-time high of 72,484.35, while the Nifty surged by 0.57 per cent, hitting its peak at 21,801.45.

The broader market also exhibited positive momentum, with Nifty Mid-Cap rising by 0.56 per cent and Nifty Small-Cap surging by 0.79 per cent.

Market volatility, as indicated by India VIX, decreased by 2.65 per cent, suggesting a decline in market volatility.

Top Gainers among sectors included Nifty Energy, Nifty FMCG, Nifty Pharma, and Nifty PSU Bank, while Nifty IT was the sole major sector that underperformed.

Leading the gains among individual stocks were Coal India, M&M, and Hero Motocorp, whereas Adani Enterprises, Adani Ports, and L&T were among the top losing stocks from the Nifty 50.

The broader market sentiment appeared slightly pessimistic, with 919 stocks advancing against 1136 stocks declining.

The following Penny Stocks are likely to be in focus on Friday, December 29, 2023:

Aakash Exploration Services - 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 11.55 per share on NSE. Established in 2007, Aakash Exploration Services Limited specializes in providing services to the oil and gas field.

Aksh Optifibre - 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 11.55 per share on NSE. Established in 1986, Aksh Optifibre Ltd is engaged in the manufacturing and sale of optical fibre, optical fibre cable, fibre-reinforced plastic rods, impregnated glass roving reinforcement, and ophthalmic lenses. The company also offers E-Governance and FTTH (Fiber to the Home) services.

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 18.90 per share on NSE. The company primarily operates in the e-Governance and e-Governance products sector. Its e-Governance business has established a proven track record, demonstrated by the successful completion of numerous e-Governance projects.

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.