Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, April 18, 2024.
On Tuesday, the stock market closed with a negative bias as the Sensex declined by 0.62 per cent to reach 72,943.68 points, while the Nifty dropped by 0.56 per cent to settle at 22,147.90 points.
However, the broader market showed mixed results, with the Nifty Mid-Cap slightly down by 0.09 per cent, while the Nifty Small-Cap gained 0.75 per cent.
Furthermore, market volatility is represented by India VIX. It increased by 1.2 per cent, indicating higher market volatility.
Among the sectors, Nifty Media, Nifty FMCG, Nifty Pharma, and Nifty Energy performed well, whereas Nifty IT, Nifty PSU Bank, Nifty Bank, and Nifty Metal witnessed losses.
Overall, market sentiment remained positive with 1,266 stocks advancing against 833 declining stocks.
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The following Penny Stocks are likely to be in focus on Thursday, April 18, 2024:
Hindustan Motors - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent upper circuit, recording an intraday high of Rs 21.95 per share on NSE. Established in 1948, Hindustan Motors Ltd engages in the manufacturing and sale of vehicles, spare parts, steel products, and components. Additionally, the company is involved in the trading of spare parts for vehicles.
Orient Green Power Company - 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 21.35 per share on NSE. Orient Green Power Company Limited operates as an independent producer of renewable power. The company specializes in developing, owning, and operating a diverse portfolio of wind energy power plants.
Tirupati Forge - 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 19.95 per share on NSE. Established in 2012, the company specializes in manufacturing high-volume carbon steel forged flanges, forged components, and other automotive parts.
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
|
6.60
|
4.76
|
|
Teamo Productions HQ
|
1.35
|
3.85
|
|
Shyam Telecom
|
11.95
|
4.82
|
|
Rollatainers
|
1.95
|
2.63
|
Disclaimer: The article is for informational purposes only and not investment advice.