Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Tuesday, January 09, 2023

Penny Stocks: Stocks likely to be in focus tomorrow!      

On Monday, the major market indices concluded the day on a negative trajectory, the Sensex closed lower by 0.93 per cent at 71,355.22, while the Nifty marked a significant decrease of 0.91 per cent, closing at 21,513.

The broader indices followed suit, with Nifty Mid-Cap plunging by 1.04 per cent, and Nifty Small-Cap witnessing a decline of 0.62 per cent.

Market volatility, as measured by India VIX, saw a surge of 7.01 per cent, indicating a notable increase in market volatility.

Nifty Realty and Nifty Media emerged as the Top Gainers, while Nifty PSU Bank, Nifty FMCG, Nifty Metal, and Nifty Bank found themselves among the Top Losers.

In the top gainer's list were Adani Ports, HCL Technologies, and ONGC, while UPL, SBI, and SBI Life were among the leading losers in the Nifty 50.

In terms of market sentiment, approximately 752 stocks were advancing, compared to 1,492 stocks declining, suggesting a slightly pessimistic sentiment in the broader market.

The following Penny Stocks are likely to be in focus on Tuesday, January 09, 2023:

Abhishek Integrations - 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 29.40 per share on NSE. Established in 2017, Abhishek Integrations Limited is engaged in the development, maintenance, and operation of airports and related businesses.

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 11.75 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.

Bright Solar - 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 7.25 per share on NSE. Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerage Infra Project.

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.