Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 18,487.75, while both the mid-cap index and small-cap index performed positively in the broader markets

On Thursday, the Indian equity markets ended on a negative note. Nifty50 closed at 18,487.75, while both the Mid-Cap index and Small-Cap index performed positively in the broader markets.

The following Penny Stocks are likely to be in focus on Friday, June 02, 2023:

Excel Realty N Infra- Heavy buying was witnessed in the counter as the scrip surged 14.29 per cent, recording an intraday high of Rs 0.40 per share on NSE. Excel Realty N Infra Limited is engaged in development of infrastructure facility, IT enabled BPO services & general trading activities.

Reliance Home Finance- The scrip experienced significant buying activity, resulting in the stock getting locked at 5 per cent upper circuit reaching an intraday high of Rs 3.04 per share on NSE. The company is registered as a housing finance company with National Housing Bank and is engaged in mortgage-based lending operations like home loan, affordable housing, LAP and construction finance.

Reliance Naval and Engineering- A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 2.19 per share. Reliance Naval and Engineering Ltd is engaged in the construction of vessels, repairs & refits of ships and rigs and heavy engineering.

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