The penny stocks that are expected to be in focus on Tuesday, April 30, 2024, include companies like Hindustan Motors, Jaiprakash Power Venture, and Jyoti Structures. Hindustan Motors saw heavy buying activity with the stock hitting a 10 per cent upper circuit. Established in 1948, Hindustan Motors is involved in the manufacturing and sale of vehicles, spare parts, steel products, and components.
Jaiprakash Power Venture also experienced significant buying activity, resulting in the stock surging and getting locked at a 5 per cent upper circuit. The company, incorporated in 1994, operates in coal mining, sand mining, cement grinding, and the production of thermal and hydroelectric electricity.
Jyoti Structures witnessed a solid price volume breakout as the stock rallied and got locked at a 5 per cent upper circuit. Founded in 1974, Jyoti Structures operates in the electricity sector, focusing on transmission, distribution, and substation services.
Additionally, some volume breakout penny stocks that witnessed heavy buying in the NSE session included Supreme Engineering, Techindia Nirman, Tijaria Polypipes, and Shyam Telecom.
Please note that this article is for informational purposes only and should not be considered as investment advice.