Penny Stocks: Stocks likely to be in focus tomorrow!

The benchmark indices had an outstanding performance, with the Sensex closing 2.05 per cent higher, reaching a record high of 68,918. Similarly, the Nifty mirrored this bullish trend, closing 2.07 per cent higher and setting its own record at 20,702

In Monday's trading spectacle, the benchmark indices showcased a spectacular performance, with the Sensex scaling unprecedented heights, concluding the day 2.05 per cent higher and achieving an all-time pinnacle at 68,918. Simultaneously, the Nifty mirrored this bullish trend, closing 2.07 per cent higher and notching up its own record at 20,702. 

The enthusiasm extended to broader indices, with Nifty Mid-Cap closing 1.24 per cent higher and Nifty Small-Cap soaring 1.39 per cent higher.

While the market reveled in these victories, the India VIX hinted at the unfolding excitement, surging by 4.93 per cent, underscoring the increased dynamism in the trading landscape.

Among the standout performers were Nifty PSU Bank, Nifty Bank, and Nifty Financial Services, while Nifty Pharma and Nifty Media struggled to keep pace.

Zooming into individual stocks, Eicher Motors, Adani Enterprises, and Adani Ports emerged as the leaders of the pack, steering the gainers' brigade, whereas HDFC Life, Britannia, and Wipro found themselves among the Top Losers in the Nifty 50 index.

A panoramic view of the market landscape unveils a resounding positive sentiment, with 1370 stocks advancing and outshining the 663 stocks in decline, portraying a market brimming with optimism and opportunity.

The following Penny Stocks are likely to be in focus on Tuesday, December 05, 2023:

3P Land Holdings - 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 27.50 per share on NSE. Established in 1965, 3P Land Holdings Ltd is involved in lending, investment activities, and real estate leasing.

Flexituff Ventures International - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 10 per cent upper circuit, reaching an intraday high of Rs 47.95 per share on NSE. Founded in 1966, Flexituff Ventures International Ltd specializes in the field of technical textiles.

Orient Green Power Company - 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 23.25 per share on NSE. Orient Green Power Company Limited functions as an independent producer of renewable power. The company is actively involved in the development, ownership, and operation of a diverse array of wind energy power plants.

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):  

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