Penny Stocks: Stocks likely to be in focus tomorrow!
Nifty50 closed at 19,979.15, while both small-cap index and mid-cap index performed positively
On Thursday, Indian equity markets ended on a positive note. Nifty50 closed at 19,979.15, while both Small-Cap index and Mid-Cap index performed positively. In terms of sectors and stocks, the Nifty's Top Gainers included ITC, Kotak Mahindra Bank, Dr. Reddy's Laboratories, ICICI Bank, and Cipla. On the other hand, the losers were Reliance Industries, Infosys, UltraTech Cement, HCL Technologies, and Bajaj Finserv.
Among the sectors, the FMCG, bank, and pharma indices experienced a rise of 1 per cent each, while the Oil & Gas index saw a 0.5 per cent increase. Conversely, the Information Technology index declined by 0.8 per cent, and the power index fell by 0.4 per cent.
The following Penny Stocks are likely to be in focus on Friday, July 21, 2023:
Megasoft- Heavy buying was witnessed in the counter as the scrip surged more than 8 per cent, recording an intraday high of Rs 43.49 per share on BSE. Megasoft Limited is engaged in the business of providing technology platforms & solutions to the global telecoms industry, especially mobile telecom service providers.
Suzlon Energy- The scrip experienced significant buying activity, resulting in the stock getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 18.73 per share on BSE. Suzlon Energy Ltd manufactures wind turbine generators and related components.
Gayatri Projects- 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 8.03 per share on BSE. Gayatri Projects Ltd, incorporated in 1963, is engaged in execution of major civil works including concrete/masonry dams, earth filling dams, national highways, bridges, canals, aqueducts, ports, etc.
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Here is the list of volume breakout penny stocks that witnessed heavy buying in today's session:
|
Penny Stock
|
LTP (Rs)
|
Gain (per cent)
|
|
Il&fs Engineering And Construction Company
|
12.9
|
4.88
|
|
Future Lifestyle Fashions
|
5.8
|
4.
|
|
Spentex Industries
|
2.1
|
5
|
|
Shrenik
|
1.05
|
5
|
Disclaimer: The article is for informational purposes only and not investment advice.