Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Monday, August 05, 2024.
On Friday, the market witnessed muted sentiment, with the Sensex trading down by 1.08 per cent touching 80,981.96 mark, while Nifty decreased by 1.17 per cent breaking the level of 24,717.70 points.
Furthermore, the broader market showed negative performance, with the Nifty Mid-Cap closing down by 0.99 per cent and the Nifty Small-Cap declined by 0.79 per cent.
Market volatility, as indicated by India VIX, has zoomed by 10.75 per cent, closing below 15 this is reflecting a significant increase in market volatility.
Within the sectoral landscape Nifty Pharma was among the Top Gainers while Nifty Realty and Nifty Auto are the major sectors which is underperformed.
About 1,718 stocks were advancing as against to 2,197 that were declining, thus indicating a negative sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Monday, August 05, 2024:
Reliance Power - 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 34.54 per share on NSE. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The Company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.
Jyoti Structures - 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 29.75 per share on NSE. Jyoti Structures Limited was incorporated in 1974. The company is engaged in Electricity, transmission, distribution and substation. The registered office of the Company is in Mumbai.
MSP Steel & 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 35.25 per share on NSE. Incorporated in 1968, MSP Steel & Power Ltd manufactures and sells of iron and steel products and does generation of power
Disclaimer: The article is for informational purposes only and not investment advice.