Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, January 02, 2024
On the first trading session of 2024, benchmark indices concluded the day on a positive note. The Sensex closed moderately higher by 0.04 per cent, reaching a level of 72,271.94, while the Nifty also closed higher by 0.05 per cent, concluding at 21,741.90.
Broader indices recorded significant gains, with Nifty Mid-Cap surging by 0.63 per cent and Nifty Small-Cap by 0.54 per cent.
Market volatility, as indicated by India VIX, marginally increased by 1.71 per cent, reflecting a slight uptick in market volatility.
Top Gainers included Nifty Media, Nifty PSU Bank, Nifty FMCG, and Nifty IT, while Nifty Financial Services, Nifty Auto, and Nifty Bank were among the Top Losers.
Nestle India, Adani Enterprises, and Adani Ports emerged as top gainers, whereas Eicher Motors, Bharti Airtel, and M&M faced losses, ranking among the top losers from the Nifty 50.
In terms of market breadth, about 1399 stocks advanced, outnumbering the 664 stocks that declined, indicating an optimistic sentiment prevailing in the broader market.
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The following Penny Stocks are likely to be in focus on Tuesday, January 02, 2024:
A2Z Infra Engineering - 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 12.15 per share on NSE. Established in 2002, A2Z Infra Engineering Ltd specializes in offering maintenance and engineering services.
Aakash Exploration Services - 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 12.05 per share on NSE. Established in 2007, Aakash Exploration Services Limited offers specialized services in the Oil and Gas field.
Adroit Infotech - 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 23.00 per share on NSE. Established in 1990, Adroit Infotech Ltd specializes in providing SAP Support Services. The company is dedicated to assisting organizations in minimizing costs and enhancing overall effectiveness and efficiency through internal process improvements using SAP products and solutions.
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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Future Enterprises
|
0.85
|
6.25
|
|
Techindia Nirman
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15.75
|
5.00
|
|
Bohra Industries
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28.05
|
4.86
|
|
Tirupati Forge
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16.55
|
4.75
|
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.