Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Thursday, May 30, 2024.
On Wednesday, benchmark indices closed the trading day on a negative note. The Sensex significantly declined by 0.89 per cent to close at 74,502.90, while the Nifty fell by 0.8 per cent to end at 22,704.70.
In the broader market, performance was mixed, with the Nifty Mid-Cap down by 0.32 per cent and the Nifty Small-Cap slightly up by 0.06 per-cent.
Additionally, market volatility, as indicated by India VIX, slightly declined by 0.08 per cent, indicating continued high volatility.
Nifty Pharma, Nifty Metal, and Nifty Media closed positively, whereas Nifty Financial Services, Nifty Bank, and Nifty IT were the major underperforming sectors.
In the broader market, 1,623 stocks advanced while 2,207 stocks declined, indicating a negative sentiment overall.
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The following Penny Stocks are likely to be in focus on Thursday, May 30, 2024:
Suzlon - 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 46.10 per share on NSE. Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales.
RattanIndia Power - 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 17.40 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.
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 21.35 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):
|
Penny Stock
|
LTP (Rs)
|
Gain (per cent)
|
|
Godha Cabcon & Insulation
|
1.00
|
5.26
|
|
Atlanta
|
34.30
|
4.89
|
|
Brightcom Group
|
11.00
|
4.76
|
|
Supreme Engineering
|
1.30
|
4.00
|
Disclaimer: The article is for informational purposes only and not investment advice.