Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Wednesday, April 24, 2024.
On Tuesday, benchmark indices concluded the trading day on a positive note as Sensex marginally gained by 0.12 per cent and closed at 73,738.46, while Nifty also rose by 0.14 per cent and closed at 22,368.
Similarly, the broader market experienced outperformance, with Nifty Mid-Cap closing substantially higher by 1.12 per cent, and Nifty Small-Cap significantly gained by 1.21 per cent.
Furthermore, market volatility declined by 19.72 per cent, reflecting a decrease in market volatility.
Nifty Realty, Nifty FMCG, Nifty Media, and Nifty IT are among the Top Gainers, while Nifty Pharma, Nifty Metal, and Nifty Energy were among the Top Losers.
About 2,314 stocks were advancing as against 1,512 stocks that were declining, thus indicating a positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Wednesday, April 24, 2024:
IFCI - Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 10 per cent upper circuit, recording an intraday high of Rs 46.10 per share on NSE. IFCI, previously known as Industrial Finance Corporation of India, is an Indian Government owned non-banking finance company established to cater to the long-term finance needs of the industrial sector.
Jaiprakash Power Venture - 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 18.25 per share on NSE. Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity.
Mahanagar Telephone Nigam - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 10 per cent upper circuit to record an intraday high of Rs 39.70 per share on NSE. Mahanagar Telephone Nigam is engaged in providing telecom services.
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)
|
|
Setco Automotive
|
11.00
|
4.76
|
|
Shyam Telecom
|
14.40
|
4.73
|
|
Tijaria Polypipes
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16.95
|
4.45
|
|
Rollatainers
|
2.30
|
4.55
|
Disclaimer: The article is for informational purposes only and not investment advice.