Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, June 25, 2024.
On Monday, benchmark indices ended the trading day on a positive note, with the Sensex gaining 0.17 per cent to close at 77,341.08 and the Nifty rising 0.16 per cent to finish at 23,537.85.
The broader market showed mixed results: the Nifty Mid-Cap increased by 0.27 per cent, while the Nifty Small-Cap fell by 0.1 per cent.
Market volatility, measured by India VIX, surged by 6.66 per cent, indicating increased market turbulence.
In the sectoral landscape, Nifty Auto, Nifty FMCG, and Nifty Financial Services were the Top Gainers, whereas Nifty Media, Nifty PSU Bank, and Nifty Metal were the Top Losers.
Among individual stocks, M&M, Power Grid Corporation, and Shriram Finance were the leading gainers, while Cipla, Indusind Bank, and Adani Ports were the top losers.
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The following Penny Stocks are likely to be in focus on Tuesday, June 25, 2024:
Jaiprakash Power Venture - 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 20.14 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
Jyoti Structures - 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 29.69 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.
Urja Global - 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 22.82 per share on NSE. Incorporated in 1992, Urja Global Ltd. is a leading Renewable Energy developer and operator. The company is engaged in the installation, commissioning & maintenance of off-grid and grid-connected Solar Power Plants and decentralized Solar Applications and trading of solar products & Lead Acid Batteries. It is an approved Channel Partner of the Ministry of New and Renewable Energy (MNRE), Govt. of India.
Disclaimer: The article is for informational purposes only and not investment advice.