Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 18,563.40, while both the mid-cap index and small-cap index performed positively in the broader markets.

On Friday, the Indian equity markets ended on a negative note. Nifty50 closed at 18,563.40, 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 Monday, June 12, 2023:

Simbhaoli Sugars- Heavy buying was witnessed in the counter as the scrip surged more than 13 per cent, recording an intraday high of Rs 28 per share on BSE. Simbhaoli Sugars Ltd is engaged in sugar refining, high value, niche products (specialty sugars) and clean energy (ethanol).

Orient Green Power Company- The scrip experienced significant buying activity, resulting in the stock surging more than 11.5 per cent reaching an intraday high of Rs 10.85 per share on NSE. Orient Green Power Company Limited is an independent producer of renewable power and it is engaged in developing, owning, and operating a diversified portfolio of wind energy power plants.

Madhucon Projects - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 10 per cent upper circuit to record an intraday high of Rs 4.95 per share. Madhucon Projects Ltd is in the business of construction power and toll collection.

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