Penny Stocks: Stocks likely to be in focus tomorrow!

Indian equity markets ended n a weak note in the first week of 2023.

Indian equity markets ended n a weak note in the first week of 2023. High levels of volatility is expected to persist in the coming trading sessions.

The following penny stocks are likely to be in focus on Monday, January 9, 2023:       

Visesh Infotecnics - Heavy buying interest was witnessed in the counter as the scrip locked at a 10 per cent upper circuit, recording a high of Rs 0.60 per share on NSE. The company is engaged in system integration and networking solutions (including hardware); enterprise software; domain registration & web hosting services; telecommunication; VAS & IT-enabled services.

Ducon Infratechnologies - A solid price volume break-out was seen in the counter today. The stock rallied more than 13 per cent to record a high of Rs 13.90 per share. The stock has gained ~25 per cent in the last 1 month. The comany provides solutions in the infrastructure, FGD systems, and IT-digital business sectors.

Excel Realty N Infra - Shares of the company froze at an upper price band of Rs 0.55, 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 the 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 Friday’s session: