Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Wednesday, November 29, 2023:

In Tuesday's trading session, the market closed on a positive note, witnessing gains in benchmark indices as the Sensex and Nifty rose by 0.31 per cent and 0.48 per cent, respectively. The positivity extended to broader market indices, with Nifty Mid-Cap gaining 0.55 per cent and Nifty Small-Cap closing higher by 0.31 per cent.

However, the surge in market optimism was accompanied by a noteworthy increase in market volatility, as indicated by the 10.26 per cent rise in India VIX, reflecting an uptick in overall market uncertainty.

Nifty Energy, Nifty Metal, and Nifty PSU Bank emerged as the Top Gainers in major sectors, while Nifty Pharma and Nifty FMCG faced losses.

Individual stocks that exhibited significant gains included Adani Enterprises, Adani Ports, and Tata Motors, while Eicher Motors, Apollo Hospitals, and ITC were among the Top Losers within the Nifty 50.

Looking at the broader market landscape, positive sentiment prevailed, with approximately 1022 advancing stocks compared to 1022 declining ones, reflecting a balanced and neutral market sentiment.

The following Penny Stocks are likely to be in focus on Wednesday, November 29, 2023:

AKG Exim - 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 28.65 per share on NSE. The scrip witnessed massive spurt in volume. Established in 2005, AKG Exim Ltd is engaged in the trade of metal scrap, rice, spices, and dry fruits.

Atlanta - 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 22.75 per share on NSE. Incorporated in 1977, Atlanta Ltd is engaged in the Construction business.

Kavveri Telecom Products - 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 14.70 per share on NSE. Established in 1996, Kavveri Telecom Products Ltd is a key player in designing, developing, and manufacturing Radio Frequency products and antennas for telecom, defense, and space applications worldwide.

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.