Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Wednesday, January 10, 2023
Penny Stocks: Stocks likely to be in focus tomorrow!
On Tuesday, the primary indices concluded the day positively, with Sensex marginally higher by 0.04 per cent, settling at 71,385.21, and Nifty closing slightly up by 0.15 per cent at 21,544.85.
Similarly, broader indices showed moderate gains, with Nifty Mid-Cap rising by 0.16 per cent and Nifty Small-Cap growing by 0.44 per cent.
India VIX, reflecting market volatility, decreased by 1.49 per cent, signaling a decline in market uncertainty.
Top Gainers included Nifty Realty, Nifty Auto, Nifty Pharma, and Nifty Metal, while Nifty Media, Nifty Financial Services, Nifty Bank, and Nifty FMCG experienced losses.
Leading the gainers were Hero Motocorp, Adani Ports, and Apollo Hospitals, while Britannia, Nestle India, and Asian Paints were among the Top Losers in the Nifty 50.
In the broader market, around 1,256 stocks advanced, outnumbering 969 declining stocks, indicating an optimistic sentiment prevailing.
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The following Penny Stocks are likely to be in focus on Wednesday, January 10, 2023:
Alok Industries - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 10 per cent upper circuit, recording an intraday high of Rs 39.05 per share on NSE. Alok Industries, a key player in the textile industry, specializes in cotton and polyester segments. The company is actively involved in textile manufacturing, encompassing processes like mending and packing. Additionally, Alok Industries extends its expertise to the production of leather and other apparel products.
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 12.30 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 7.60 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):
|
Penny Stock
|
LTP (Rs)
|
Gain (per cent)
|
|
Melstar Information Technologies
|
4.55
|
4.60
|
|
Unitech
|
9.25
|
4.52
|
|
Shree Ram Proteins
|
1.15
|
4.55
|
|
Norben Tea & Exports
|
13.2
|
4.76
|
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.