Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Monday, June 03, 2024.

On Friday, benchmark indices concluded the trading day on a positive note. The Sensex gained moderately by 0.1 per cent, closing at 73,961.31, while the Nifty rose by 0.19 per cent, finishing at 22,530.70. In the broader market, the Nifty Mid-Cap increased by 0.54 per cent, and the Nifty Small-Cap went up by 0.5 per cent.

Market volatility, indicated by the India VIX, surged by 2.4 per cent, reflecting heightened market uncertainty.

Among the sectors, Nifty Realty, Nifty Metal, and Nifty PSU Bank closed positively. In contrast, Nifty Media, Nifty IT, and Nifty Pharma were the major underperformers.

Despite the gains in major indices, the broader market sentiment was negative, with 1,732 stocks advancing compared to 2,099 stocks declining.

The following Penny Stocks are likely to be in focus on Monday, June 03, 2024:

Suzlon - 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 47.65 per share on NSE. Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales.

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 19.15 per share on NSE. RattanIndia Power Limited is one of India’s largest private power generation company, with installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India. 

Davangere Sugar - 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 10.85 per share on NSE. Incorporated in 1970, Davangere Sugar is in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Powe

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.