Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, March 21, 2024.

On Wednesday, the benchmark indices closed the trading day on a positive note, with the Sensex gaining moderately by 0.12 per cent to close at 72,101.69 levels, and the Nifty also rising by 0.16 per cent to close at 21,839.10 levels.

Similarly, the broader market saw marginal gains, with the Nifty Mid-Cap rising by 0.09 per cent and the Nifty Small-Cap surging by 0.12 per cent.

Market volatility, as indicated by the India VIX, has decreased by 4.18 percent, suggesting a decline in market volatility.

Among the sectors, Nifty Energy, Nifty Realty, Nifty FMCG, and Nifty Auto recorded gains, while Nifty Metal, Nifty Financial Services, Nifty Pharma, and Nifty Media witnessed losses.

The advancing stocks outnumbered the declining ones, with 984 stocks advancing against 1,263 stocks declining, indicating a negative sentiment prevailing in the broader market.

The following Penny Stocks are likely to be in focus on Thursday, March 21, 2024:

Aarey Drugs & Pharmaceuticals - 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 43.50 per share on NSE. Incorporated in 1990, Aarey Drugs & Pharmaceuticals Ltd is a manufacturer of API / Bulk Drugs and offers products for diverse industrial applications.

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 9.80 per share on NSE. Accuracy Shipping Ltd is involved in providing third party logistics solutions. It offers customized and end-to-end logistics solutions and services including transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing and value added services.

Adroit Infotech - 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 15.80 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.

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.