Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, June 07, 2024.

On Thursday, benchmark indices concluded the trading day on a positive note. The Sensex gained 0.93 per cent, closing at 75,074.51, while the Nifty rose by 0.89 per cent, ending at 22,821.40.

Similarly, the broader market experienced significant gains, with the Nifty Mid-Cap up by 2.24 per cent and the Nifty Small-Cap soaring by 3.29 per cent.

Furthermore, India VIX has declined by 12.15 per cent, reflecting a significant decrease in market volatility.

Among the sectors, Nifty Realty, Nifty Media, Nifty PSU Bank, and Nifty IT were the Top Gainers, while Nifty FMCG and Nifty Pharma were the Top Losers.

Overall market sentiment was positive, with 2,981 stocks advancing compared to 878 stocks declining.

The following Penny Stocks are likely to be in focus on Friday, June 07, 2024:

Reliance Power - 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 24.65 per share on NSE. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.

SEPC - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 10 per cent upper circuit, reaching an intraday high of Rs 18.90 per share on NSE. SEPC (Shriram EPC Ltd till February 2021) was incorporated in June 2000. The company became majority owned by Mark AB since September 2022 post infusion of Rs 350 crore. SEPC specialises in executing EPC contracts, providing integrated solutions encompassing design, engineering, procurement, construction and project management services in water, process and process and metallurgy, and infrastructure segments.

TV18 Broadcast - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 42.60 per share on NSE. TV18 Broadcast is engaged in activities spanning across Broadcasting, Digital Content and Allied Businesses.

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.