Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, December 26, 2023
In Friday's trading session, benchmark indices closed on a positive note, with the Sensex gaining by 0.34 per cent and closing at 71,106.96, while the Nifty surged by 0.44 per cent and closed at 21,349.40.
The broader indices also performed well, with Nifty Mid-Cap rising by 0.53 per cent and Nifty Small-Cap soaring by 0.75 per cent.
Market volatility, measured by India VIX, marginally declined by 0.36 per cent, indicating a slight decrease in overall market volatility.
Top Gainers included Nifty Realty, Nifty IT, and Nifty Metal, while Nifty Bank, Nifty PSU Bank, and Nifty Financial Services experienced losses.
Wipro, HCL Technologies, and Hindalco were among the top gainers, while Grasim, SBI, and ICICI Bank were among the top losing stocks from the Nifty 50.
A total of 1384 stocks advanced compared to 654 stocks that declined, reflecting an optimistic sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Tuesday, December 26, 2023:
Alankit - 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 16.60 per share on NSE. The company specializes in e-Governance and e-Governance products, boasting a proven track record demonstrated by the successful completion of numerous e-Governance projects.
Cyber Media (India)- The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 10 per cent upper circuit, reaching an intraday high of Rs 32.75 per share on NSE. Established in 1982, Cyber Media (India) Ltd operates in diverse sectors, including print media and publishing, digital marketing, content creation, analytics, and management consultancy.
ASL Industries- 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 41.70 per share on NSE. Incorporated in 1992, ASL Industries Ltd engages in the manufacturing and trading of automobile parts, railway or tramway parts, and provides related services, including jobwork.
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)
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Gain (per cent)
|
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McNally Bharat Engineering Company
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6.03
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5.00
|
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Gayatri Projects
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9.80
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4.81
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GACM Technologies
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1.50
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3.45
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Antarctica
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1.35
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3.85
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.