Penny Stocks: Stocks likely to be in focus tomorrow!

Midcap stocks underperformed broader markets

On Monday, Indian equity markets kicked off the first trading session of the month on a weak note owing to negative global cues. Nifty 50 and Sensex closed in the red territory at 16,887.3 and 56,788.8 with losses of 1.21 per cent and 1.11 per cent, respectively.  Midcap stocks underperformed broader markets. 

The following penny stocks are likely to be in focus on Tuesday, October 4, 2022: 

Vaxtex Cotfab - Only buyers were seen in the scrip today. The stock got locked at a 10 per cent upper circuit, recording an intra-day high of Rs 10 per share on BSE. The company is engaged in the business of trading and processing of fabrics.   

Excel Realty N Infra – The shares of the company froze at an upper price band of Rs 0.70 per share on NSE, up by 7.69 per cent. Incorporated in 2003, the company is engaged in the development of infrastructure facilities, IT-enabled BPO services and general trading activities. With IT stocks heavily underperforming the broader markets today, this IT stock witnessed strong buyer interest. The company is debt-free and is trading close to 0.5 times its book value.  

Nyssa Corporation - Only buyers were seen in the scrip today. The stock got locked at a 10 per cent upper circuit, recording an intra-day high of Rs 7.98 per share on BSE. The company is engaged in real estate development and trading & investment activities. The company is debt-free and trades at a PE of 11. 

Following is the list of volume breakout Penny Stocks that witnessed heavy buying in today’s session:  

Keep a close eye on these counters for the upcoming sessions!