Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, April 23, 2024.
On Monday, the stock market concluded the trading day positively, with the Sensex gaining significantly by 0.77 per cent and closing at 73,648.62, while the Nifty also increased by 0.86 per cent and closed at 22,336.40.
The broader market outperformed, with the Nifty Mid-Cap closing substantially higher by 0.82 per cent, while the Nifty Small-Cap significantly gained by 1.31 per cent.
Market volatility, indicated by India VIX, declined by 5.63 per cent, reflecting a decrease in market volatility.
Nifty PSU Bank, Nifty Pharma, Nifty Auto, and Nifty FMCG were among the Top Gainers. There were no major sectors that underperformed.
About 1,571 stocks were advancing compared to 539 stocks that were declining, indicating a positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Tuesday, April 23, 2024:
Hindustan Motors - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent upper circuit, recording an intraday high of Rs 28.40 per share on NSE. Hindustan Motors Ltd manufactures and sells vehicles, spare parts of vehicles, steel products and components. It also does trading of spare parts of vehicles.
Bodhi Tree Multimedia - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 20 per cent upper circuit, reaching an intraday high of Rs 20.40 per share on NSE. Incorporated in 2013, Bodhi Tree Multimedia Ltd provides television content and Internet based program.
RattanIndia Power - 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 8.95 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.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
|
Penny Stock
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LTP (Rs)
|
Gain (per cent)
|
|
Soma Textiles
|
34.80
|
4.98
|
|
Shyam Telecom
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13.75
|
4.96
|
|
Tijaria Polypipes
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2.20
|
4.76
|
|
Rollatainers
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2.20
|
4.76
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Disclaimer: The article is for informational purposes only and not investment advice.