Penny Stocks: Stocks likely to be in focus tomorrow!

Penny Stocks: Stocks likely to be in focus tomorrow!

Vaishnavi Chauhan

The following penny stocks are likely to be in focus on Tuesday, March 05, 2024.

Penny Stocks: Stocks likely to be in focus tomorrow!      

On Monday, the benchmark indices ended the trading day slightly higher, with the Sensex closing at 73,872.29, up by 0.09 per cent, and the Nifty closing at 22,405.60, up by 0.12 per cent.  

However, the broader market saw mixed performance, with the Nifty Mid-Cap rising by 0.19 per cent while the Nifty Small-Cap fell by 0.51 per cent.

Among sectors, Nifty Energy, Nifty Financial Services, and Nifty Bank were the Top Gainers, while Nifty Media, Nifty IT, and Nifty Auto were the Top Losers.

Market volatility, as measured by India VIX, decreased by 0.47 per cent.

Overall, the market sentiment was negative, with 805 stocks advancing compared to 1481 stocks declining.

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The following Penny Stocks are likely to be in focus on Tuesday, March 05, 2024:

Accord Synergy - 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 28.35 per share on NSE. Incorporated in 2014, Accord Synergy Ltd is engaged in telecom implementation activities and civil works.

 

Adroit Infotech - 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 18.05 per share on NSE. Incorporated in 1990, Adroit Infotech Ltd is primarily engaged in the business of SAP Support Services. Company helps organizations to reduce costs and improve effectiveness and efficiency through internal process improvements using SAP products and solutions.

 

Alankit- 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 20.35 per share on NSE. Company is mainly in the business of e-Governance and e-Governance products. Company's e-Governance Business has developed a proven track record through the successful completion of several e-Governance Projects.

 

 

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):  

 

Penny Stock  

LTP (Rs)

Gain (per cent)

Future Enterprises

0.85

13.33

Goenka Diamonds and Jewels 

0.90

12.50

Surana Solar 

31.95

10.17

Vipul

32.05

10.90

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