Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, April 25, 2024.
On Wednesday, benchmark indices concluded the trading day on a positive note as the Sensex marginally gained by 0.16 per cent and closed at 73,852.94 level, while the Nifty also marginally gained by 0.15 per cent and closed at 22,402.40 level.
Similarly, the broader market experienced outperformance as Nifty Mid-Cap closed substantially higher by 0.76 per cent, while Nifty Small-Cap gained by 0.36 per cent.
Market volatility, as indicated by India VIX, has marginally gained by 1.5 per cent, reflecting an increase in market volatility.
Nifty Metal, Nifty Realty, Nifty Pharma, and Nifty Financial Services were among the Top Gainers, while Nifty IT, Nifty Media, Nifty PSU Bank, and Nifty Auto were among the Top Losers.
About 2,228 stocks were advancing compared to 1,594 stocks that were declining, thus indicating a positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Thursday, April 25, 2024:
Hindustan Motors - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 10 per cent upper circuit, recording an intraday high of Rs 34.30 per share on NSE. Incorporated in 1948, Hindustan Motors Ltd manufactures and sells vehicles, spare parts of vehicles, steel products and components. It also does trading of spare parts of vehicles.
Teerth Gopicon - 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 18.25 per share on NSE. Incorporated in 2019, Teerth Gopicon engaged in road construction, sewerage, and water supply in Madhya Pradesh.
Compucom Software - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 20 per cent upper circuit to record an intraday high of Rs 35.20 per share on NSE. Incorporated in 1995, Compucom Software is in the business of software and education.
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)
|
|
Setco Automotive
|
11.55
|
5.00
|
|
Soma Textiles
|
38.30
|
4.93
|
|
Sumeet Industries
|
2.10
|
5.00
|
|
Shyam Telecom
|
15.10
|
4.86
|
Disclaimer: The article is for informational purposes only and not investment advice.