Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Wednesday, June 12, 2024.
On Tuesday, benchmark indices concluded the trading day on a mixed note. The Sensex marginally declined by 0.04 per cent to close at 76,456.60, while the Nifty slightly gained by 0.02 per cent to finish at 23,264.60.
The broader market saw gains, with the Nifty Mid-Cap closing significantly higher by 0.81 per cent, reaching a record high of 53,880.50, and the Nifty Small-Cap rising by 0.55 per cent to an all-time high of 17,665.55.
Market volatility, indicated by India VIX, substantially declined by 9.96 per cent, reflecting decreased market volatility.
Among individual stocks, ONGC, L&T, and Adani Ports were the Top Gainers, whereas Kotak Bank, Divi’s Laboratories, and Asian Paints were the Top Losers.
Overall, 2,415 stocks advanced compared to 1,457 that declined, indicating positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Wednesday, June 12, 2024:
Reliance Power - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 10 per cent upper circuit, recording an intraday high of Rs 28.68 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.
Essar Shipping - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 20 per cent upper circuit, reaching an intraday high of Rs 45.00 per share on NSE. Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages.
GTL Infrastructure - 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 2.05 per share on NSE. Incorporated in 2004, GTL Infrastructure is in the business of providing Shared Passive Telecom Infrastructure in India.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
|
Penny Stock
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LTP (Rs)
|
Gain (per cent)
|
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Unitech
|
10.80
|
4.96
|
|
A2Z Infra Engineering
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21.93
|
4.98
|
|
Ansal Properties and Infrastructure
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9.97
|
4.95
|
|
TCI Finance
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10.02
|
4.92
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Disclaimer: The article is for informational purposes only and not investment advice.