Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, May 09, 2024.

Wednesday saw Benchmark indices concluding the trading day on a relatively flat note, with Sensex marginally declining by 0.06 per cent to close at 73,466.39 level, while Nifty remained unchanged at 22,302.50 level.

Conversely, the broader market witnessed substantial gains, with Nifty Mid-Cap closing higher by 0.85 per cent and Nifty Small-Cap surging by 0.6 per cent.

Market volatility has increased marginally by 0.12 per cent, reflecting a slight uptick in market volatility.

Nifty Auto, Nifty Energy, and Nifty Metal closed positively, whereas Nifty Bank, Nifty Financial Services, and Nifty IT were among the Top Losers.

In the broader market, 2,053 stocks advanced compared to 1,753 stocks declining, indicating a positive sentiment prevailing overall.

The following Penny Stocks are likely to be in focus on Thursday, May 09, 2024:

Hindustan Motors - 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 46.30 per share on NSE. Established in 1948, Hindustan Motors Ltd specializes in the manufacturing and distribution of vehicles, spare parts, steel products, and components. Additionally, the company engages in trading spare parts of vehicles.

RattanIndia Power - 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 10.90 per share on NSE. RattanIndia Power Limited stands as one of India’s prominent private power generation companies, boasting an installed capacity of 2,700 MW spread across thermal power plants in Amravati and Nashik, with 1,350 MW capacity at each location in Maharashtra, India.

Transwarranty Finance - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 20per cent upper circuit to record an intraday high of Rs 18.30 per share on NSE. Established in 1994, Transwarranty Finance Ltd operates as a Non-Banking Financial Company (NBFC), specializing in providing lending and advisory services.

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

Disclaimer: The article is for informational purposes only and not investment advice.