Penny Stocks: Stocks likely to be in focus on October 25!

Mid-cap and Small-cap stocks underperformed broader markets in Friday's session

On Friday, domestic equity markets bounced back to close with gains in a relatively volatile trading session. Nifty 50 registered gains of 0.07 per cent to end at 17,576.3. Mid-Cap and Small-Cap stocks underperformed broader markets.  

The following penny stocks are likely to be in focus on Tuesday, October 25, 2022:  

South Indian Bank - A strong price volume breakout was witnessed in this counter today. The stock rallied more than 9 per cent to record a fresh 52-week high of Rs 11.35 per share on NSE. South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to treasury and foreign exchange business.   

DCM Financial Services – The stock froze at a 5 per cent upper circuit, recording an intra-day high of Rs 6.12 per share on BSE. The counter has witnessed back-to-back upper circuits for several sessions over the last 2 weeks. The company offers services such as equipment leasing, hire-purchase, inter-corporate deposits, bill discounting, etc. 

ECS Biztech – Shares of the company locked at a 5 per cent upper circuit, recording a fresh 52-week high of Rs 8.32 per share on BSE. The scrip has rallied 24.18 per cent in the last five trading sessions. The company provides customer-centric technology solutions and services through the best environment-friendly practices.