Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, March 07, 2024.
On Wednesday, the stock market saw a bullish trend as both Sensex and Nifty hit new record highs. Sensex surged by 0.55 per cent to reach a new milestone of 74,151.28, while Nifty climbed by 0.53 per cent to touch 22,497.20.
However, the broader market witnessed mixed performance, with Nifty Mid-Cap dipping by 0.52 per cent and Nifty Small-Cap dropping significantly by 1.96 per cent.
India VIX, indicating market volatility, slightly declined by 0.59 per cent.
Top Gainers included Nifty Bank, Nifty IT, and Nifty Pharma, while Nifty Media, Nifty Realty, and Nifty Metal were among the Top Losers.
The market sentiment was mixed, with 532 stocks advancing and 1740 stocks declining, signaling a negative overall sentiment in the market.
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The following Penny Stocks are likely to be in focus on Thursday, March 07, 2024:
Alok Industries - 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 29.05 per share on NSE. Alok Industries is a textile company with a presence in the cotton and polyester segments. The Company is engaged in manufacturing of textile, including mending and packing activities; leather and other apparel products.
Bright Solar - 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 10.70 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
Incredible Industries - 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 41.00 per share on NSE. Incorporated in 1979, Incredible Industries does manufacturing and sale of iron and steel related rolled products.
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)
|
Gain (per cent)
|
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Eurotex Industries and Exports
|
19.05
|
4.96
|
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Integra Essentia
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4.10
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3.80
|
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Metalyst Forgings
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4.60
|
4.55
|
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Tarapur Transformers
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7.05
|
4.44
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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.