Penny Stocks: Stocks likely to be in focus tomorrow!

Mid-cap stocks stole the lime light, outperforming broader markets. All sectoral indices ended in green.

On Wednesday, Indian equity markets saw optimism rise as Sensex and Nifty 50 ended at record closing highs. Mid-Cap stocks stole the lime light, outperforming broader markets. All sectoral indices ended in green.

The following penny stocks are likely to be in focus on Thursday, December 1, 2022:      

Kridhan Infra - 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 4.05 per share on NSE. The company is engaged in the business of making ready to use steel for construction purposes. 

Fraser and Company - Heavy buying interest was seen in the counter in today's session as the scrip managed to lock at 20 per cent upper circuit. The company is a supplier of all types of construction material to builders at residential and commercial sites. It has recently ventured into LED lights, safety equipment, solar panel and hardware used at construction sites

Excel Realty N Infra - Shares of the company froze at an upper price band of Rs 0.45, per share on NSE. The scrip has locked at back-to-back upper circuits in the last few 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: