Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, April 30, 2024.
On Monday, the benchmark indices ended the trading day on a positive note, with the Sensex gaining substantially by 1.28 per cent and closing at the 74,671.28 level. Similarly, the Nifty also saw a significant gain of 1 per cent, closing at the 22,643.40 level.
The broader market experienced moderate gains, with the Nifty Mid-Cap closing higher by 0.42 per cent and the Nifty Small-Cap gaining by 0.22 per cent.
Market volatility, as indicated by the India VIX, surged by 11.99 per cent, reflecting a significant increase in market volatility.
Among the Top Gainers were Nifty PSU Bank, Nifty Bank, Nifty Financial Services, and Nifty Energy, while Nifty Realty, Nifty IT, and Nifty Auto were among the Top Losers.
Overall, about 1,982 stocks were advancing compared to 1,934 stocks that were declining, indicating a positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Tuesday, April 30, 2024:
Hindustan Motors - 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 31.50 per share on NSE. Established in 1948, Hindustan Motors Ltd is engaged 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.
Jaiprakash Power Venture - 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 19.00 per share on NSE. Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity.
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 25.35 per share on NSE. Founded in 1974, Jyoti Structures Limited operates in the electricity sector, focusing on transmission, distribution, and substation services. The company's registered office is located in Mumbai.
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)
|
|
Supreme Engineering
|
0.95
|
5.56
|
|
Techindia Nirman
|
32.20
|
4.89
|
|
Tijaria Polypipes
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20.45
|
4.87
|
|
Shyam Telecom
|
17.40
|
4.82
|
Disclaimer: The article is for informational purposes only and not investment advice.