Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, April 16, 2024.
Penny Stocks: Stocks likely to be in focus tomorrow!
On Monday, the trading day concluded with Benchmark indices recording a negative performance. Sensex declined substantially by 1.14 per cent to close at 73,399.78, while Nifty plunged by 1.1 per cent to close at 22,272.50.
In line with this trend, the broader market also experienced a downturn, with Nifty Mid-Cap closing significantly lower by 1.57 per cent and Nifty Small-Cap plummeting by 1.73 per cent.
Market volatility, reflected by India VIX, surged by 7.91 per cent, indicating increased market volatility.
All major sectors underperformed, with Nifty Media, Nifty PSU Bank, Nifty Financial Services, and Nifty Bank among the top losing sectors.
The broader market sentiment was negative, with 288 stocks advancing compared to 1842 stocks declining.
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The following Penny Stocks are likely to be in focus on Tuesday, April 16, 2024:
Rajdarshan Industries - 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 45.50 per share on NSE. Incorporated in 1980, Rajdarshan Industries Ltd is engaged in mining of raw materials and drilling & transportation of limestone.
Perfect Infraengineers - 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 40.95 per share on NSE. Incorporated in 1996, Perfect Infraengineers Ltd is in the business of manufacturing of HVAC components and equipment & MEP contracting
Ace Integrated Solutions - 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 39.80 per share on NSE. Incorporated in 1997, Ace Integrated Solutions Ltd provides integrated end to end solutions for human resource department of client organizations.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
|
Penny Stock
|
LTP (Rs)
|
Gain (per cent)
|
|
Sanco Industries
|
6.30
|
5.00
|
|
SAB Events & Governance Now Media
|
7.90
|
3.95
|
|
Shyam Telecom
|
11.40
|
4.59
|
|
Rollatainers
|
1.90
|
2.70
|
Disclaimer: The article is for informational purposes only and not investment advice.