Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, January 19, 2024

On Thursday, the primary stock indices concluded the trading day with a negative trend. The Sensex experienced a moderate decline of 0.44 per cent, reaching a closing level of 71,186.86, while the Nifty also recorded a 0.51 per cent drop, closing at 21,462.25.

Similarly, broader indices witnessed lower closing figures, with Nifty Mid-Cap marginally declining by 0.11 per cent and Nifty Small-Cap plummeting by 0.18 per cent.

India VIX, an indicator of market volatility, saw a notable decrease of 6.70 per cent, reflecting a moderate reduction in overall market volatility.

Among the Top Gainers were Nifty Pharma, Nifty PSU Bank, Nifty Realty, and Nifty Auto. Conversely, Nifty Financial Services, Nifty Metal, Nifty Energy, and Nifty Bank were among the Top Losers.

Leading the gainers' list were Sun Pharma, Cipla, and Tech Mahindra, while LTIMindtree, HDFC Bank, and NTPC found themselves among the top losers from the Nifty 50.

The broader market sentiment appeared pessimistic, with 952 stocks advancing against 1,273 stocks declining. This indicates a cautious stance among market participants during the trading session.

The following Penny Stocks are likely to be in focus on Friday, January 19, 2024:

Twentyfirst Century Management Services - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 2 per cent upper circuit, recording an intraday high of Rs 36.85 per share on NSE. Established in 1986, Twentyfirst Century Management Services Ltd is actively involved in investment activities within the Capital Market and Futures & Options segments.

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 13.50 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.

Agni Green Power - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 10 per cent upper circuit to record an intraday high of Rs 40.80 per share on NSE. Established in 1995, Agni Green Power Ltd specializes in the comprehensive execution of turn-key Solar PV Power Plant projects. The company extends its expertise by offering end-to-end Engineering, Procurement, and Construction (EPC) services, along with reliable Operation and Maintenance (O&M) services for its clients.

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.