Penny Stocks: Stocks likely to be in focus tomorrow!

Mid-cap and Small-cap stocks bucked the general market trend and saw selling pressure.

On Tuesday, domestic equity markets witnessed a volatile trading session. Nifty 50 managed to close in the green territory at 18,618 with marginal gains of 0.30 per cent. Mid-Cap and Small-Cap stocks bucked the general market trend and saw selling pressure.  

The following penny stocks are likely to be in focus on Wednesday, November 30, 2022:       

Nila Infrastructures - Heavy buying interest was seen in the stock in today's session as the scrip managed to rally more than 15 per cent, recording an intra-day high of Rs 8.05 per share on NSE. The company is involved in the construction of Affordable Housing Projects and the development of various infrastructures. It has presence mostly in Gujarat and Rajasthan.  

Bhandari Hosiery Exports - The company’s stock witnessed a solid price volume break out and rallied more than 14 per cent to record an intra-day high of Rs 5.70 per share on NSE. Company is engaged in the textiles business. Business activities include design and development to knitting, dyeing, finishing of fabrics and garments.  

Excel Realty N Infra - Shares of the company froze at an upper price band of Rs 0.40, per share on NSE. The scrip has soared 33.33 per cent over the last 5 trading sessions. 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 is trading at close to 0.2 times its book value.      

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