Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, December 28, 2023

During Wednesday's trading session, the benchmark indices concluded on a positive note, reaching new all-time highs. The Sensex recorded a significant gain of 0.98 per cent, establishing a new peak at 72,119.85. Similarly, the Nifty surged by 1 per cent, achieving an all-time high of 21,675.75.

The broader market indices also exhibited positive trends, with Nifty Mid-Cap rising by 0.38 per cent and Nifty Small-Cap by 0.45 per cent.

Market volatility, as indicated by the India VIX, increased by 5.11 per cent, reflecting a heightened level of market volatility.

Top Gainers among sectors included Nifty PSU Bank, Nifty Auto, Nifty Metal, and Nifty Bank, contributing to the overall positive sentiment. The only major sector that underperformed was Nifty Energy.

Hindalco, Ultratech Cement, and Bajaj Auto emerged as the top gainers among individual stocks, while NTPC, ONGC, and Adani Enterprises were among the Top Losers in the Nifty 50.

The broader market sentiment appeared optimistic, with 1071 stocks advancing compared to 975 stocks declining, indicating positive momentum in the overall market.

The following Penny Stocks are likely to be in focus on Thursday, December 28, 2023:

Airan - 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 26.80 per share on NSE. Airan Ltd operates in the IT and ITeS sector, specializing in services such as Banking Transactions Processing, Document Management, Payment Banking, and related offerings.

Atlanta - 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 24.70 per share on NSE. Founded in 1977, Atlanta Ltd is involved in the construction industry.

Astron Paper and Board Mill - 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 6.75 per share on NSE. Astron Paper and Board Mill Ltd specializes in paper manufacturing, producing Kraft Paper from recycled materials.

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

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.