Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Tuesday, May 21, 2024.
On Friday, the benchmark indices ended the trading day on a positive note. The Sensex moderately surged by 0.34 per cent to close at 73,917.03, while the Nifty gained 0.28 per cent to end at 22,466.10.
The broader market also experienced significant gains, with the Nifty Mid-Cap rising by 0.88 per cent and the Nifty Small-Cap soaring by 1.65 per cent.
Market volatility, as measured by the India VIX, declined slightly by 0.99 per cent, indicating a minor decrease in market turbulence.
Sector-wise, Nifty Auto, Nifty Realty, and Nifty Metal closed in the positive, while Nifty IT and Nifty Pharma were the only major sectors that underperformed.
In the broader market, about 1,411 stocks advanced compared to 704 stocks that declined, indicating a positive sentiment overall.
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The following Penny Stocks are likely to be in focus on Tuesday, May 21, 2024:
Future Consumer - 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 1.10 per share on NSE. Incorporated in 1996, Future Consumer Ltd is in the business of sourcing, manufacturing, branding, marketing and distribution of FMCG, Food and Processed Food Products
Sampann Utpadan India - 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 26.85 per share on NSE. Sampann Utpadan India Ltd engaged in the manufacturing of reclaimed rubber and production of power through renewable power generation plants.
Shrenik - 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 1.00 per share on NSE. Incorporated in 2012, Shrenik Ltd does Trading and Processing of all kinds of Paper, Pulp, Paper Boards etc.
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)
|
|
Hybrid Financial Services
|
10.50
|
5.00
|
|
Transwarranty Finance
|
19.10
|
4.95
|
|
Radaan Mediaworks
India
|
2.20
|
4.76
|
|
Supreme Engineering
|
1.25
|
4.17
|
Disclaimer: The article is for informational purposes only and not investment advice.