Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Tuesday, January 30, 2023

On Monday, the frontline indices wrapped up the day on a positive note, with the Sensex posting a substantial gain of 1.76 per cent, closing at the 71,941.57 level. Similarly, the Nifty experienced a surge of 1.8 percent, concluding at the 21,737.60 level.

This positive momentum extended to the broader market, with the Nifty Mid-Cap closing significantly higher by 1.63 per cent, and the Nifty Small-Cap soaring by 1.49 per cent.

Market volatility, measured by India VIX, witnessed a notable uptick of 13.09 per cent, indicating an increase in overall market volatility.

Top Gainers in sectors included Nifty Energy, Nifty PSU Bank, Nifty Auto, and Nifty Metal, while Nifty Media and Nifty FMCG emerged as the Top Losers.

Among individual stocks, ONGC, Reliance, and Coal India were notable gainers, whereas Cipla, ITC, and LTIMindtree were among the top losers in the Nifty 50.

The broader market sentiment appeared optimistic, with 1,411 stocks advancing compared to 818 stocks declining, underlining a positive outlook in the overall market landscape.

The following Penny Stocks are likely to be in focus on Tuesday, January 30, 2023:

Twentyfirst Century Management - 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 41.35 per share on NSE. Established in 1986, Twentyfirst Century Management Services Ltd is actively involved in capital market investments and operates within the Futures & Options segment.

Blue Coast Hotels - 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 5.75 per share on NSE. Established in 1992, Blue Coast Hotels Limited operates in the hospitality industry.

Bright Solar - 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 8.60 per share on NSE. Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerage Infra Project.

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.