Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, January 16, 2024
On Monday, the frontline indices concluded the trading day on a positive note, achieving new all-time highs. The Sensex recorded a significant gain of 1.05 per cent, reaching a historic high of 73,402.16, while the Nifty also set a new record at 22,115.55 with a surge of over 0.93 per cent.
The broader market indices also saw positive movements, with Nifty Mid-Cap rising by 0.67 per cent and Nifty Small-Cap soaring by 0.41 per cent.
Market volatility, as measured by India VIX, experienced a 5.23 per cent increase, signaling an uptick in market volatility.
Leading the gainers were Nifty IT, Nifty Energy, Nifty Pharma, and Nifty PSU Bank, while Nifty Media and Nifty Metal emerged as the Top Losers.
Among the Top Gainers at the individual stock level were Wipro, ONGC, and HCL Technologies, whereas HDFC Life, Bajaj Finance, and Hindalco found themselves among the top losers within the Nifty 50.
Reflecting an optimistic sentiment in the broader market, about 1,233 stocks advanced compared to 1,011 stocks that declined.
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The following Penny Stocks are likely to be in focus on Tuesday, January 16, 2024:
3P Land Holdings - 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 37.20 per share on NSE. Established in 1965, 3P Land Holdings Ltd operates in the fields of lending, investment activities, and real estate leasing.
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 13.50 per share on NSE. Accuracy Shipping Ltd specializes in delivering third-party logistics solutions. The company provides tailored end-to-end logistics services, encompassing transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing, and value-added services.
Airan - 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 32.65 per share on NSE. Airan Ltd operates in the IT and ITeS sector, focusing on services such as Banking Transactions Processing, Document Management, Payment Banking, and related activities.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
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Penny Stock
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LTP (Rs)
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Gain (per cent)
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Madhucon Projects
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8.65
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4.85
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Eastern Silks
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3.30
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4.46
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Bharatiya Global Infomedia
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3.30
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4.86
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Impex Ferro Tech
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5.50
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4.76
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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.