Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Friday, May 31, 2024:
On Thursday, benchmark indices ended the trading day on a negative note as the Sensex declined significantly by 0.83 per cent, closing at 73,885.60, and the Nifty dropped by 0.95 per cent, closing at 22,488.65. The broader market also underperformed, with the Nifty Mid-Cap falling by 1.34 per cent and the Nifty Small-Cap plummeting by 1.62 per cent.
Furthermore, market volatility, as indicated by India VIX, remained flat, indicating heightened market uncertainty
Nifty Media and Nifty Bank closed positively, while Nifty Metal, Nifty IT, and Nifty Pharma were the major underperforming sectors.
The overall market sentiment was negative, with 1,098 stocks advancing and 2,733 stocks declining.
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The following Penny Stocks are likely to be in focus on Friday, May 31, 2024:
Jyoti Structures - 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 27.80 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.
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 18.25 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.
Hindustan Motors - 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 35.80 per share on NSE. Incorporated in 1948, Hindustan Motors Ltd manufactures and sells vehicles, spare parts of vehicles, steel products and components. It also does trading of spare parts of vehicles.
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)
|
|
Ashoka Metcast
|
22.15
|
9.93
|
|
Atlanta
|
36.00
|
4.96
|
|
Brightcom Group
|
11.55
|
5.00
|
|
Supreme Engineering
|
1.35
|
3.85
|
Disclaimer: The article is for informational purposes only and not investment advice.