Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, July 11, 2024.

On Wednesday, benchmark indices ended the trading day on a negative note. The Sensex declined by 0.53 per cent and closed below the 80,000 mark, while the Nifty dropped by 0.45 per cent and closed below the 24,400 level.

Similarly, the broader market experienced losses, with the Nifty Mid-Cap down by 0.27 per cent and the Nifty Small-Cap falling by 0.88 per cent.

Market volatility, as indicated by India VIX, increased by 1.07 per cent, reflecting heightened market volatility.

Within the sectoral landscape, Nifty Pharma, Nifty FMCG, and Nifty Energy were among the Top Gainers, while Nifty Auto, Nifty Media, and Nifty Metal were the major underperformers.

Overall market sentiment was negative, with 670 stocks advancing compared to 1,629 stocks declining.

The following Penny Stocks are likely to be in focus on Thursday, July 11, 2024:

McLeod Russel India - 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 35.46 per share on NSE. Incorporated in 1998, McLeod Russel India Ltd is in the business of cultivation and manufacturing of tea.

Hindustan Motors - 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 33.16 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.

Osia Hypermart - 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 23.56 per share on NSE. Incorporated in 2014, Osia Hypermart Ltd is engaged in the Retail business.

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