Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 16,972.15, down by 0.42 per cent, while both mid-cap index and small-cap index performed negatively on broader markets

On Wednesday, Indian equity markets ended on a negative note. Nifty50 closed at 16,972.15, down by 0.42 per cent, while both Mid-Cap index and Small-Cap index performed negatively on broader markets. 

The following penny stocks are likely to be in focus on Wednesday, March 16, 2023:    

Shekhawati Poly-Yarn- Heavy buying interest was witnessed in the counter as the scrip surged and got locked at 10 per cent upper circuit, recording an intraday high of Rs 0.55 per share on NSE. Shekhawati Poly-Yarn Ltd is a manufacturer of Texturizing Yarn, Twisting Yarn and Knitted Fabrics for domestic and international markets. 

Vaxtex Cotfab- A solid price volume break-out was seen at the counter today as the stock zoomed 10 per cent to make an intra-day high of Rs 2.75 per share on NSE. Vaxtex Cotfab Ltd is in manufacturing and processing of fabrics of shirting and suiting. 

Visagar Polytex- A solid price volume break-out was seen at the counter today as the stock rallied 5.88 per cent to record an intraday high of Rs 0.90 per share. Visagar Polytex Ltd is in the business of manufacturing and selling of textiles and readymade fabrics. 

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