Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty 50 hit all-time high levels of 18,614.25.

On Monday, Indian equity markets ended on a positive note. Nifty 50 hit all-time high levels of 18,614.25. Mid-Cap and Small-Cap stocks significantly outperformed broader markets. Energy and auto stocks were buzzing on the bourses with decent gains. 

The following penny stocks are likely to be in focus on Tuesday, November 29, 2022:      

Excel Realty N Infra - Shares of the company froze at an upper price band of Rs 0.35, per share on NSE. Incorporated in 2003, the company is engaged in development of Infrastructure facility, IT enabled BPO services & general trading activities. With IT stocks heavily underperforming broader markets today, this IT stock witnessed strong buyer interest. The company is debt free and trading at close to 0.2 times its bookvalue.

SBC Exports - The company’s stock witnessed a solid price volume break out and rallied more than 12 per cent to record an intra-day high of Rs 12.45 per share on NSE. It is engaged in the trading and manufacturing of garments, manpower supply services & tour operator services. The stock has gained 20 per cent over the last five trading sessions. 

Setco Automotive - Heavy buying interest was seen in the stock in today's session as the scrip managed to rally more than 15 per cent. It is engaged in the manufacture of clutches for medium and heavy commercial vehicles (MHCV) and markets it under the brand name ‘LIPE Clutches’. 

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