Penny Stocks: Stocks likely to be in focus tomorrow!

Metal and capital goods stocks were buzzing on bourses with buying activity

On Wednesday, Indian equity markets closed with positive developments for the second day in a row. Nifty and Sensex closed with decent gains of ~0.63 per cent each. Metal and capital goods stocks were buzzing on bourses.

The following penny stocks are likely to be in focus on Thursday, January 19, 2023:   

Luharka Media & Infra - A solid price volume break-out was seen in the counter today. The stock rallied more than 9 per cent to record a fresh 52-week high of Rs 6 per share on BSE. Incorporated in 1981, the company is a non-banking non-deposit finance company (NBFC) engaged in financial sector and provides various types of loans.

Fone4 Communications (India) - Only buyers were seen in the counter as the scrip locked at a 10 per cent upper circuit, recording an intra-day high of Rs 8.19 per share on BSE. The stock has gained more than 45 per cent in the last 5 trading sessions. The company is south India’s leading multi-brand retail chain dealing in international & Indian brands of mobile handsets, accessories and electronics items.

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