Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Wednesday, January 03, 2024

On Tuesday, the stock market witnessed a downturn as benchmark indices concluded the day on a negative note. The Sensex closed moderately lower by 0.53 per cent, settling at 71,892.48 levels, and the Nifty also closed lower by 0.36 per cent, concluding at 21,663.60.

Broader indices mirrored this trend, with Nifty Mid-Cap dropping by 0.18 per cent, and Nifty Small-Cap plummeting by 0.26 per cent.

Market volatility, indicated by India VIX, marginally declined by 0.68 per cent, signaling a slight decrease in market volatility.

The sectors of Nifty Pharma, Nifty Energy, Nifty Media, and Nifty Metal emerged as Top Gainers, while Nifty Auto, Nifty Realty, Nifty IT, and Nifty Bank experienced losses.

Adani Ports, Divi’s Laboratories, and Sun Pharma were among the top gainers, while Eicher Motors, M&M, and Ultratech Cement were among the top losing stocks in the Nifty 50.

With 931 stocks advancing and 1124 stocks declining, the overall market sentiment appeared pessimistic.

The following Penny Stocks are likely to be in focus on Wednesday, January 03, 2024:

A2Z Infra Engineering - 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 12.85 per share on NSE. Established in 2002, A2Z Infra Engineering Ltd specializes in offering maintenance and engineering services.

Accuracy Shipping - 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 10.05 per share on NSE. Engaged in the realm of third-party logistics, Accuracy Shipping Ltd provides tailored and comprehensive solutions, encompassing transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing, and value-added services.

Alok Industries - 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 25.80 per share on NSE. Established in 1990, Adroit Infotech Ltd specializes in providing SAP Support Services. The company is dedicated to assisting organizations in minimizing costs and enhancing overall effectiveness and efficiency through internal process improvements using SAP products and solutions.

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.