Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, March 14, 2024.
On Wednesday, the trading session concluded with benchmark indices registering negative trends. Sensex closed lower by 1.23 per cent, settling at 72,761.89 level, while Nifty experienced a significant decline of 1.51 per cent, closing at 21,997.70 level.
Similarly, the broader market witnessed substantial downturns, with Nifty Mid-Cap declining by 4.4 per cent and Nifty Small-Cap plummeting by 5.28 per cent.
Market volatility, measured by India VIX, surged by 5.96 per cent, indicating a significant increase in market uncertainty.
Among major sectors, Nifty FMCG was the only one trading marginally positive, while Nifty Metal, Nifty Media, Nifty Energy, and Nifty Realty emerged as the Top Losers.
With only 88 stocks advancing compared to 2202 stocks declining, the broader market sentiment remained negative.
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The following Penny Stocks are likely to be in focus on Thursday, March 14, 2024:
Balkrishna Paper Mills - 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 37.85 per share on NSE. Incorporated in 1975, Balkrishna Paper Mills Ltd does manufacturing and marketing of Coated Duplex Board page.
Future Retail - 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 2.50 per share on NSE. Future Retail Limited (FRL), the flagship company of the Future Group (one of India’s largest retailers), is engaged mainly in retailing of fashion, household and consumer products Kishore Biyani is the founder and Group CEO of Future Group.
Jet Airways - 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 45.20 per share on NSE. Incorporated in 1993, Jet Airways Ltd provides scheduled air transportation which includes carriage of passengers, cargo and allied services[
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.