Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Wednesday, July 03, 2024.

On Tuesday, benchmark indices ended the trading day on a negative note, with the Sensex falling by 0.04 per cent to close at 79,441.46 and the Nifty dropping by 0.07 per cent to close at 24,123.85.

The broader market also saw losses, with the Nifty Mid-Cap down by 0.78 per cent and the Nifty Small-Cap decreasing by 0.45 per cent.

Market volatility, as measured by the India VIX, declined by 1.37 per cent, indicating a slight decrease in market turbulence.

In terms of sector performance, Nifty IT, Nifty Media, and Nifty Realty were the Top Gainers, while Nifty PSU Bank, Nifty FMCG, and Nifty Bank were the Top Losers.

Overall market sentiment was slightly negative, with about 2,036 stocks advancing compared to 1,880 stocks declining.

The following Penny Stocks are likely to be in focus on Wednesday, July 03, 2024:

Ashima - 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 49.45 per share on NSE. Incorporated in 1982, Ashima Ltd is in the business of Textiles, Real Estate and Treasury business.

Orient Green Power Company - 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 21.44 per share on NSE. Orient Green Power Company Limited is an Independent Producer of Renewable Power, it is engaged in developing, owning, and operating a diversified portfolio of Wind Energy Power Plants.

Salasar Engineering - 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 19.235 per share on NSE. Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector. 

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.