Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Monday, May 13, 2024.

On Friday, the stock market saw gains as the Sensex rose by 0.36 per cent to close at 72,664.47, and the Nifty increased by 0.44 per cent to reach 22,055.20.

The broader market also saw significant increases, with the Nifty Mid-Cap rising by 0.86 per cent and the Nifty Small-Cap climbing by 0.69 per cent. Furthermore, market volatility increased by 2.2 per cent.

In terms of sectoral performance, Nifty Energy, Nifty Metal, and Nifty FMCG ended the day positively, while Nifty IT, Nifty Realty, and Nifty PSU Bank were among the Top Losers.

Overall, market sentiment was positive, with 1,333 stocks advancing compared to 771 declining stocks.

The following Penny Stocks are likely to be in focus on Monday, May 13, 2024:

Fiberweb - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent upper circuit, recording an intraday high of Rs 39.65 per share on NSE. Incorporated in 1985, Fiberweb Ltd is in the business of polymer processing.

PVP Ventures - 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 29.65 per share on NSE. PVP Ventures is engaged in the business of developing urban infrastructure and investments in various ventures.

TGB Banquets and Hotels - 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 16.10 per share on NSE. Incorporated in 1999, TGB Banquets and Hotels Ltd is into provision of Restaurants; banquets and hotel 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.