Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty 50 & Sensex recorded gains of ~0.51 per cent each. Mid-cap and small-cap stocks underperformed broader markets.

On Monday, Indian equity markets kicked off the week on a positive note. Nifty 50 & Sensex recorded gains of ~0.51 per cent each. Mid-Cap and Small-Cap stocks underperformed broader markets.

The following penny stocks are likely to be in focus on Tuesday, January 24, 2023:   

GCM Capital Advisors - A solid price volume break-out was seen in the counter today. The stock rallied more than 9 per cent to record a high of Rs 7.12 per share on BSE. The company is in the business of financing, trading and investments in equity shares and commercial papers. The company is almost debt free and is trading at close to 0.35 times its book value.

Trescon - 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 17.2 per share on BSE. The stock has gained more than 30 per cent in the last 3 trading sessions. The company is engaged in providing services in the areas of construction and real estate and allied operations on its own or joint ventures with others. 

Raasi Refractories - Shares of the company froze at an upper price band of Rs 9.04, per share on NSE. The company manufactures and sells refractory bricks and allied products.

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