Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, January 12, 2024

In the latest trading session, the primary indices closed on a positive note as the Sensex concluded marginally higher by 0.09 per cent at 71,721.18, and the Nifty also closed marginally higher by 0.13 per cent at 21,647.20.

Additionally, broader indices performed well, with Nifty Mid-Cap surging by 0.49 per cent and Nifty Small-Cap soaring by 0.58 per cent.

The market volatility, as gauged by India VIX, witnessed a decline of 1.56 per cent, indicating a reduction in overall market volatility.

Key gainers included Nifty Energy, Nifty Auto, Nifty PSU Bank, and Nifty Bank, while Nifty Media, Nifty IT, Nifty FMCG, and Nifty Pharma were among the Top Losers.

Leading the gainers were Hero Motocorp, Bajaj Auto, and Reliance, whereas Infosys, Dr. Reddy’s Laboratories, and SBI Life stood out as the top losers among Nifty 50 stocks.

The market sentiment appeared optimistic, with 1367 stocks advancing compared to 842 stocks declining.

The following Penny Stocks are likely to be in focus on Friday, January 12, 2024:

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 26.15 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.

Alankit - 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 22.05 per share on NSE. The company primarily operates in the field of e-Governance and e-Governance products, boasting a successful track record demonstrated by the completion of numerous e-Governance projects.

Bhandari Hosiery Exports - 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 7.85 per share on NSE. Established in 1994, Bhandari Hosiery Exports Ltd specializes in textiles and garment manufacturing.

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.