Penny Stocks: Stocks likely to be in focus tomorrow!

Smallcap stocks bucked the trend and outperformed broader markets

On Wednesday, witnessed a choppy session to close on a weak note. Nifty 50 ended at 18,082.80 in the red territory with losses of 0.34 per cent. Smallcap stocks bucked the trend and outperformed broader markets. 

The following Penny Stocks are likely to be in focus on Thursday, November 3, 2022:

Setubandhan Infrastructure- Only buyers were seen in the scrip today. The stock got locked at an upper price band, recording an intra-day high of Rs 2 per share on NSE. In two trading sessions, shares of the company have furnished returns of 17.65 per cent.Incorporated in 1996, the company is engaged in construction, for government and semi-government authorities, private bodies and real estate development.

Lypsa Gems & Jewellery- Heavy buying interest was seen in the counter today. The scrip soared more than 9 per cent to hit an intra-day high of Rs 6.60 per share. The company is engaged inrough preparation, manufacturing and polished diamonds marketing. It is based out of Mumbai with affiliates in Antwerp, Dubai and Moscow.

Visesh Infotecnics-A strong price volume breakout was witnessed in this counter today. The stock froze at 15 per cent to record an intra-day high of Rs 0.80 per share on NSE. The companyis engaged in system integration and networking solutions (including hardware), enterprise software, domain registration, web hosting services, etc.

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