Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, July 09, 2024.
On Monday, benchmark indices ended the first trading day of the week on a negative note. The Sensex declined by 0.05 per cent, closing below the 80,000 mark, while the Nifty slightly fell by 0.01 per cent, closing at 24,320.55.
The broader market also saw losses, with the Nifty Mid-Cap down by 0.35 per cent and the Nifty Small-Cap down by 0.17 per cent.
Market volatility, as indicated by India VIX, increased by 7.13 per cent, reflecting higher market volatility.
In the sectoral landscape, Nifty FMCG, Nifty Energy, and Nifty IT were among the Top Gainers. On the other hand, Nifty PSU Bank, Nifty Metal, and Nifty Pharma underperformed.
Overall market sentiment was negative, with 878 stocks advancing compared to 1,335 stocks declining.
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The following Penny Stocks are likely to be in focus on Tuesday, July 09, 2024:
Orient Green Power Company - 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 22.41 per share on NSE. Orient Green Power Company Limited is an Independent Producer of Renewable Power, it is engaged in developing, owning, and operating a diversified portfolio of Wind Energy Power Plants.
Unitech - 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 12.26 per share on NSE. Incorporated in 1971, Unitech Ltd is in the business of Real Estate, Power Transmission and Hospitality.
Rajnandini Metal - 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 12.84 per share on NSE. Incorporated in 2010, Rajnandini Metal Ltd in the business of manufacturing, trading, and dealing in high-grade Copper Continuous Casting Rods and copper wires
Disclaimer: The article is for informational purposes only and not investment advice.