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Penny Stocks To Watch On Tuesday – April 30, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 1.28% and the Nifty-50 Index up 1%. At the same time, the Nifty Mid-cap Index increased 0.42%, whereas the Nifty Small-cap Index, finished the session up 0.22%.

Nifty PSU Bank Index and Nifty Private Bank Index emerged as the winners among the sectors, whereas the Nifty Realty Index and Nifty Information Technology Index encountered loss in the sectoral landscape.

At the individual stock level, ICICI Bank, IndusInd Bank and State Bank of India were the top gainers, while HCL Technologies, Apollo Hospitals Enterprise and Bajaj Auto were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, April 30, 2024:

Jaiprakash Power Ventures Limited

The stock experienced a substantial surge in JP Power stock price, with the stock zooming and getting locked at a 5% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 3.75 per share on the NSE. Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity. The company presently owns and operates three power plants with an aggregate capacity of 2,220 MW, 2 MTPA cement grinding units, and a 2.8 MTPA coal mine.

Integra Essentia Limited

The stock underwent a substantial surge in its stock price, zooming by 5% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 4.25 on the NSE. Incorporated in 2007, Integra Essentia Ltd is in the business of life essentials viz., food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for renewable energy equipment and projects).

Mcnally Bharat Engineering Company Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit, reaching an intraday high of Rs 4.25 per share on the NSE. Incorporated in 1961, McNally Bharat Engineering Company Ltd is engaged in diversified construction activities, primarily execution of turnkey projects. The company is a part of Williamson Magor Group.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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