Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, June 13, 2024.

On Wednesday, benchmark indices concluded the trading day on a higher note. The Sensex gained 0.2 per cent, closing at 76,696.57, while the Nifty rose by 0.25 per cent to close at 23,322.95.

The broader market also saw gains, with the Nifty Mid-Cap climbing 1.04 per cent to a record high of 54,308.80, and the Nifty Small-Cap soaring by 1.23 per cent to reach an all-time high of 17,809.15.

Market volatility, indicated by India VIX, declined by 2.56 per cent, reflecting decreased volatility.

In the sectoral landscape, Nifty Media, Nifty PSU Bank, and Nifty Energy were among the Top Gainers, while Nifty FMCG, Nifty Auto, and Nifty Realty were among the Top Losers.

Overall, the market sentiment was positive, with 2,518 stocks advancing compared to 1,376 stocks declining.

The following Penny Stocks are likely to be in focus on Thursday, June 13, 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 31.54 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.

Jaiprakash Power Venture - 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 19.35 per share on NSE. Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity

RattanIndia Power - 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 17.05 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.

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.