Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, January 11, 2023

On Wednesday, the main indices ended the day on a positive note with the Sensex closing moderately higher by 0.38 per cent at 71,657.71, and the Nifty also recording a moderate gain of 0.34 per cent to conclude at 21,618.70.

In contrast, the broader indices had a mixed performance, with Nifty Mid-Cap rising by 0.29 per cent and Nifty Small-Cap declining by 0.15 per cent.

Market volatility, as measured by India VIX, decreased by 3.37 per cent, indicating a reduction in market volatility.

Top Gainers included Nifty Media, Nifty Metal, Nifty IT, and Nifty Energy, while Nifty FMCG, Nifty PSU Bank, and Nifty Realty were among the Top Losers.

Cipla, Adani Enterprises, and Reliance were among the top gainers, while ONGC, Divi's Laboratories, and NTPC were the top losing stocks from the Nifty 50.

With 1,195 stocks advancing against 1,032 stocks declining, the broader market sentiment leaned slightly towards optimism.

The following Penny Stocks are likely to be in focus on Thursday, January 11, 2023:

Adroit Infotech - 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 25.10 per share on NSE. Established in 1990, Adroit Infotech Ltd specializes in providing SAP Support Services, aiding organizations in cost reduction and enhancing operational effectiveness through internal process improvements using SAP products and solutions.

Bartronics India - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 2 per cent upper circuit, reaching an intraday high of Rs 19.17 per share on NSE. Established in 1990, Bartronics India Ltd specializes in providing solutions based on Bar Coding, Biometrics, RFID, POS, EAS, and Smart Cards, among other technologies.

Aurum Proptech - 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. Majesco is a leading provider of core platforms and technology solutions in the insurance sector, serving over 200 global customers across Life, Pensions, and General Insurance.

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.