Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, June 04, 2024.
On Monday, benchmark indices ended the trading day on a positive note. The Sensex saw a significant gain of 3.39 per cent, closing at 76,468.78, while the Nifty surged by 3.25 per cent, closing at 23,263.90. Similarly, the broader market experienced gains, with the Nifty Mid-Cap rising by 3.19 per cent and the Nifty Small-Cap increasing by 2.41 per cent.
Furthermore, market volatility, indicated by India VIX, declined by 14.9 per cent, reflecting decreased market volatility.
Sectors such as Nifty PSU Bank, Nifty Energy, and Nifty Realty closed positively, with no major sectors underperforming.
Overall market sentiment was positive, with 2,346 stocks advancing compared to 1,615 stocks declining.
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The following Penny Stocks are likely to be in focus on Tuesday, June 04, 2024:
Suzlon - 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 50.00 per share on NSE. Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales.
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 20.10 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.
Jaiprakash Power Venture - 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 20.20 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.
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)
|
Gain (per cent)
|
|
Creative Eye
|
7.75
|
4.73
|
|
GVP Infotech
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15.10
|
4.86
|
|
A2Z Infra Engineering
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19.20
|
4.92
|
|
Arshiya
|
6.00
|
4.35
|
Disclaimer: The article is for informational purposes only and not investment advice.