Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, April 26, 2024.

Thursday saw benchmark indices ending the trading day positively, with Sensex surging by 0.66 per cent to close at 74,339.44, and Nifty rising by 0.75 per cent to close at 22,570.35.

Additionally, the broader market also saw gains, with Nifty Mid-Cap up by 0.4 per cent and Nifty Small-Cap up by 0.8 per cent.

Furthermore, market volatility, measured by India VIX, increased by 4.43 per cent, indicating higher market volatility.

Top Gainers included Nifty PSU Bank, Nifty Pharma, Nifty Auto, and Nifty Metal, while Nifty Realty lagged behind.

The broader market sentiment remained positive, with 2,043 stocks advancing compared to 1,769 stocks declining.

The following Penny Stocks are likely to be in focus on Friday, April 26, 2024:

KM Sugar Mills - 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 43.10 per share on NSE. Incorporated in 1971, KM Sugar Mills Ltd manufactures and trades sugar, ethanol, ethyl alcohol, and generation of power using bagasse

Unitech - 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 11.40 per share on NSE. Incorporated in 1971, Unitech Ltd is in the business of real estate, power transmission and hospitality.

Soma Textiles - 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 40.20 per share on NSE. Incorporated in 1969, Soma Textiles Limited manufactures and trades textile fabrics.

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):  

Disclaimer: The article is for informational purposes only and not investment advice.