Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Friday, April 19, 2024.
On Thursday, the stock market ended the day on a downbeat note, with the Sensex dropping by 0.62 per cent to close at 72,488.99, and the Nifty falling by 0.69 per cent to close at 21,995.85. The broader market also showed weakness, with the Nifty Mid-Cap slipping by 0.49 per cent and the Nifty Small-Cap declining by 0.28 per cent.
Furthermore, the market volatility rose by 2.08 per cent, signaling increased market uncertainty.
Nifty Media was the sole major sector that closed in the green, while Nifty FMCG, Nifty Financial Services, Nifty Pharma, and Nifty Energy were among the Top Losers.
In broader market sentiment, 880 stocks advanced compared to 1,207 stocks declining, indicating a negative outlook.
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The following Penny Stocks are likely to be in focus on Friday, April 19, 2024:
Reliance Power - 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 28.70 per share on NSE. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
KM Sugar Mills - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 20 per cent upper circuit, reaching an intraday high of Rs 36.05 per share on NSE. Incorporated in 1971, KM Sugar Mills Ltd manufactures and trades sugar, ethanol, ethyl alcohol, and generation of power using bagasse.
Jyoti Structures - 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 23.35 per share on NSE. Jyoti Structures Limited was incorporated in 1974. The company is engaged in electricity, transmission, distribution and substation. The registered office of the Company is in Mumbai.
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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Paras Petrofils
|
3.30
|
4.76
|
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Teamo Productions HQ
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1.40
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3.70
|
|
Shyam Telecom
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12.50
|
4.60
|
|
Rollatainers
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2.00
|
2.56
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Disclaimer: The article is for informational purposes only and not investment advice.