Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 17,392.70 down by 0.42 per cent, while both the mid-cap index and small-cap index closed negatively on broader markets

On Monday, Indian equity markets ended on a negative note. Nifty50 closed at 17,392.70 down by 0.42 per cent, while both the Mid-Cap index and Small-Cap index closed negatively on broader markets.  

The following penny stocks are likely to be in focus on Tuesday, February 28, 2023:    

Gayatri Highways - Heavy buying interest was witnessed in the counter as the scrip surged more than 6 per cent, recording an intraday high of Rs 0.85 per share on NSE. Gayatri Highways Ltd and its jointly controlled entities are in the business of construction, operations, and maintenance of carriageways on tolls and annuity basis pursuant to the development agreements with the National and State Governments. 

Radhe Developers - A solid price volume break-out was seen at the counter today as the stock zoomed more than 18 per cent upper circuit to make an intra-day high of Rs 9.50 per share on BSE. Radhe Developers (India) Ltd is engaged in the business of real estate development. 

VAMA Industries - A solid price volume break-out was seen at the counter today as the stock rallied more than 12 per cent to record an intraday high of Rs 4.90 per share. VAMA Industries Ltd deals in IT-related services.