Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, January 04, 2024
On Wednesday, the stock market witnessed a downward trend as the Sensex concluded the day with a substantial decline of 0.73 per cent, closing at 71,368.97. Similarly, the Nifty also experienced a significant drop of 0.68 per cent, concluding at 21,518.60
In contrast, the broader indices showed mixed movements, with Nifty Mid-Cap rising by 0.22 per cent and Nifty Small-Cap marginally increasing by 0.01 per cent.
The market volatility, measured by India VIX, has marginally decreased by 3.29 per cent, indicating a slight reduction in overall market volatility.
Among the sectors, Nifty Realty, Nifty PSU Bank, Nifty Pharma, and Nifty Media were among the Top Gainers. On the other hand, Nifty IT, Nifty Metal, Nifty Financial Services, and Nifty Bank experienced losses.
Top-performing stocks included Bajaj Auto, Adani Enterprises, and Indusind Bank, while Hindalco, JSW Steel, and Tata Steel were among the Top Losers in the Nifty 50.
The market breadth showed positive sentiment, with 1097 stocks advancing and 965 stocks declining, reflecting an optimistic trend in the broader market.
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The following Penny Stocks are likely to be in focus on Thursday, January 04, 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 13.45 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 10.55 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.
Bartronics India - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 2 per cent upper circuit to record an intraday high of Rs 17.95 per share on NSE. Established in 1990, Bartronics India Ltd. specializes in delivering solutions based on Bar Coding, Biometrics, RFID, POS, EAS, Smart Cards, and other cutting-edge technologies.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
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Penny Stock
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LTP (Rs)
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Gain (per cent)
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Goenka Diamonds and Jewels
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0.95
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5.56
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Unitech
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7.70
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4.76
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Ducon Infratechnologies
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10.55
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4.98
|
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Tirupati Forge
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18.20
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4.90
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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.