Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Monday, January 15, 2024
On Friday, the primary indices concluded the trading session on a positive note, with the Sensex registering a significant increase of 1.30 per cent, reaching a closing level of 72,651.05. Simultaneously, the Nifty also displayed positive momentum, closing higher by 1.20 per cent at 21,908.
The broader indices followed suit, with Nifty Mid-Cap surging by 0.37 per cent and Nifty Small-Cap growing by 0.44 per cent.
India VIX, indicating market volatility, experienced a decline of 2.6 per cent, reflecting an increase in overall market stability.
Top Gainers in the sectoral indices include Nifty IT, Nifty PSU Bank, and Nifty Realty, while Nifty Media, Nifty Healthcare, and Nifty Auto emerge as the Top Losers.
Leading the gains in the Nifty 50 are Infosys, ONGC, and Tech Mahindra, while Cipla, Apollo Hospital, and Bajaj Finserv are among the top losing stocks.
The broader market sentiment appears optimistic, with 1,363 stocks advancing compared to 1,164 stocks declining. This balance suggests a positive outlook in the broader market landscape.
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The following Penny Stocks are likely to be in focus on Monday, January 15, 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 27.45 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 23.60 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 8.20 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):
|
Penny Stock
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LTP (Rs)
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Gain (per cent)
|
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Techindia Nirman
|
24.30
|
4.97
|
|
Eastern Silks
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3.15
|
5.00
|
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Norben Tea & Exports
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15.20
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4.86
|
|
Impex Ferro Tech
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5.25
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5.00
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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.