Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Wednesday, May 2, 2024.
On Tuesday, benchmark indices closed the trading day on a negative note. The Sensex moderately declined by 0.29 per cent, closing at 75,170.46, while the Nifty dropped by 0.19 per cent, ending at 22,888.15. The broader market also performed poorly, with the Nifty Mid-Cap falling by 0.89 per cent and the Nifty Small-Cap plunging by 85 per cent.
Market volatility, as reflected by India VIX, surged by 4.12 per cent, indicating heightened market uncertainty.
Among the sectoral indices, Nifty Pharma, Nifty Media, and Nifty Financial Services closed positively. In contrast, Nifty Realty, Nifty PSU Bank, and Nifty Energy were the major underperformers.
The broader market sentiment was negative, with 566 stocks advancing compared to 1,544 stocks declining, indicating a bearish trend.
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The following Penny Stocks are likely to be in focus on Wednesday, May 2, 2024:
Sindhu Trade Links - 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 24.85 per share on NSE. Sindhu Trade Links Ltd is primarily engaged in transportation logistics and support services. The Co. through its subsidiaries is also engaged in diversified businesses like Media, Overseas Coal Mining, BioMass Based Power Generation etc.
RattanIndia Power - 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 16.60 per share on NSE. RattanIndia Power Limited is one of India’s largest private power generation company, with installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India.
Brightcom Group - 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 10.50 per share on NSE. Incorporated in 2010, Brightcom Group Ltd (formerly Lycos Internet Ltd) offers digital marketing solutions to businesses, agencies and online publishers worldwide
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)
|
|
Hybrid Financial Services
|
13.95
|
4.89
|
|
Atlanta
|
32.70
|
4.98
|
|
AKI India
|
25.65
|
4.91
|
|
Supreme Engineering
|
1.25
|
4.17
|
Disclaimer: The article is for informational purposes only and not investment advice.