Penny Stocks: Stocks likely to be in focus tomorrow!
About 2,121 stocks were advancing as against to 1,833 that were declining, thus indicating a positive sentiment in the broader market.
On Wednesday, the market showed positive sentiment, with the Sensex trading up by 0.35 per cent touching 81,741.35 mark, while Nifty increased by 0.38 per cent breaking the level of 24,951.15 points.
Furthermore, the broader market showed mixed performance, with the Nifty Mid-Cap closing up by 0.63 per cent and the Nifty Small-Cap declined by 0.36 per cent.
Market volatility, as indicated by India VIX, has zoomed by 2.87 per cent, closing below 14 this is reflecting an increase in market volatility.
Within the sectoral landscape Nifty Pharma and Nifty Media was among the Top Gainers while Nifty PSU Bank was the major sector which is underperformed.
About 2,121 stocks were advancing as against to 1,833 that were declining, thus indicating a positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Thursday, August 01, 2024:
Reliance Power - 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 32.84 per share on NSE. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
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 17.70 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.
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 29.69 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.
Disclaimer: The article is for informational purposes only and not investment advice.