Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, May 14, 2024.
On Monday, Benchmark indices concluded the trading day on a positive note, with the Sensex moderately gaining by 0.15 per cent and closing at 72,776.14, while the Nifty also saw a gain of 0.22 per cent and closed at 22,104.05.
The broader market showed mixed performance, with the Nifty Mid-Cap closing moderately higher by 0.41 per cent, but the Nifty Small-Cap declining by 0.43 per cent. Furthermore, India VIX surged by 11.52 per cent.
Among major sectors, Nifty Pharma, Nifty Metal, and Nifty Realty closed positively, while Nifty Auto, Nifty PSU Bank, and Nifty Energy were among the Top Losers.
Overall, 1,707 stocks were advancing compared to 2,254 stocks declining, indicating a positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Tuesday, May 14, 2024:
Jyoti Structures - 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 25.50 per share on NSE. Jyoti Structures Limited was incorporated in 1974. The company is engaged in electricity, transmission, distribution and substation. The registered office of the Company is in Mumbai.
MIRC Electronics - 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 24.90 per share on NSE. Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products.
DRC Systems India - 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 19.25 per share on NSE. Incorporated in 2012, DRC Systems India Ltd is an IT services and Consultancy company.
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)
|
|
Grand Foundry
|
9.05
|
4.62
|
|
Ducon Infratechnologies
|
6.90
|
4.55
|
|
GACM Technologies
|
1.15
|
4.55
|
|
Sumeet Industries
|
2.40
|
4.35
|
Disclaimer: The article is for informational purposes only and not investment advice.