Penny Stocks: Stocks likely to be in focus tomorrow!

Small-cap stocks underperformed broader markets in today's session

On Tuesday, Indian equity markets witnessed heavy selling pressure. Nifty 50 and Sensex ended the session with losses of ~1.47 per cent each. Small-Cap stocks underperformed broader markets. 

The following penny stocks are likely to be in focus on Wednesday, October 12, 2022:  

Mystic Electronics - Only buyers were seen in the scrip today. The stock got locked at a 20 per cent upper circuit, recording an intra-day high of Rs 7.42 per share on NSE. The stock has hit back-to-back upper circuits over the last two trading sessions, recording gains of more than 40 per cent. The scrip currently trades at a PB of 0.37. The company is engaged in the business of trading in electronic products and other related activities. 

Excel Realty N Infra – The shares of the company froze at a 10 per cent upper circuit, closing at an intraday high of Rs 0.60 per share on NSE. 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. 

Birla Tyres - Shares of the company froze at a 5 per cent upper circuit, recording an intra-day high of Rs 5.55 per share on BSE. The scrip has witnessed consecutive back-to-back upper circuits over the last two weeks. The stock has rallied 19.35 per cent over the last five trading sessions. 

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!