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Penny Stocks To Watch On Tuesday- January 30, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 1.76% and the Nifty-50 Index up 1.80%. While the Nifty Mid-cap Index increased by 1.63%, whereas the Nifty Small-cap Index, finished the session up 1.49%. 

Nifty Oil & Gas Index and Nifty PSU Bank Index emerged as the winners among the sectors, whereas the Nifty FMCG Index encountered losses in the sectoral landscape. 

At the individual stock level ONGC, Reliance Industries and Coal India merged as prominent gainers, while Cipla, ITC and LTI Mindtree registered losses within the Nifty 50 index.  

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

Heads Up Ventures Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high & fresh 52-week high of Rs 19.50 per share on the NSE. Heads UP Ventures Ltd, founded in 2011, is a one-stop shop for fashion apparel and accessories, encompassing design, development, production, marketing, and distribution. Formerly an official licensee manufacturing brand for Being Human Clothing, the company pivoted in FY22 by acquiring and registering its trademarks, “HUP” and “Device of Turtle,” marking a new chapter with its range of trendy products. 

Debock Industries 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 9.45 on the NSE. Debock Industries Ltd. established in 2007, manufactures agricultural equipment and mining machinery, while also functioning as part of the diversified Debock Group offering services across real estate, infrastructure, sales and marketing, hospitality, and education. 

Indiabulls Enterprises 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 12.60 per share on NSE. The stock’s 52-week high is Rs 19.50 and its 52-week low is Rs 7.45. Incorporated in 2019, Indiabulls Enterprises Ltd provides equipment renting services, management and maintenance services, financing and related activities. 

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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