Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, January 18, 2024
On Wednesday, the frontline indices concluded the trading day on a downtrend, with the Sensex closing substantially lower by 2.23 per cent at 71,500.76, and the Nifty experiencing a 2.09 per cent plunge to close at 21,571.95.
Similarly, broader indices also recorded significant declines, with Nifty Mid-Cap falling by 1.08 per cent, and Nifty Small-Cap plummeting by 1.2 per cent.
Market volatility, measured by India VIX, surged by 11.73 per cent, indicating a substantial increase in market unpredictability.
Nifty IT was the sole major sector trading positively, while Nifty Bank, Nifty Financial Services, Nifty Metal, and Nifty PSU Bank emerged as the Top Losers.
Top Gainers included HCL Technologies, SBI Life, and LTIMindtree, while HDFC Bank, Tata Steel, and Kotak Bank were among the top losers in the Nifty 50.
With 523 stocks advancing compared to 1,711 stocks declining, there is an optimistic sentiment prevailing in the broader market.
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The following Penny Stocks are likely to be in focus on Thursday, January 18, 2024:
Twentyfirst Century Management Services - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 2 per cent upper circuit, recording an intraday high of Rs 36.15 per share on NSE. Established in 1986, Twentyfirst Century Management Services Ltd is actively involved in investment activities within the Capital Market and Futures & Options segments.
Accuracy Shipping - 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 12.90 per share on NSE. Engaged in the realm of third-party logistics, Accuracy Shipping Ltd provides tailored and comprehensive solutions, encompassing transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing, and value-added services.
Bright Solar - 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 7.35 per share on NSE. Incorporated in 2010, Bright Solar Ltd is into assembling of DC/AC Solar Pumps and Solar Pump Systems, EPC contracts of Solar Photo voltaic Water pumps, consulting of Projects and tenders, Water supply and Sewerage Infra Project.
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)
|
Gain (per cent)
|
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Tarapur Transformers
|
6.05
|
4.84
|
|
Univa Foods
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5.80
|
4.86
|
|
Shree Ram Proteins
|
1.45
|
3.76
|
|
Techindia Nirman
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28.05
|
4.86
|
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.