Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 surged by 0.41 per cent to close at 19,597.30, while both small-cap index and mid-cap index performed positively

On Monday, Indian equity markets ended on a positive note. Nifty50 surged by 0.41 per cent to close at 19,597.30, while both Small-Cap index and Mid-Cap index performed positively. M&M, Divi's Laboratories, and SBI Life stood out as the leading gainers among the Nifty 50, while Britannia, SBIN, and Bajaj Auto experienced declines. In sectoral indices, Nifty Pharma, Nifty IT, and Nifty Realty secured the top positions as gainers, while Nifty PSU Bank, Nifty Bank, and Nifty Media faced losses.

The following Penny Stocks are likely to be in focus on Tuesday, August 08, 2023:

FCS Software Solutions- Heavy buying was witnessed in the counter as the scrip zoomed more than 20 per cent, recording an intraday high of Rs 2.75 per share on BSE. FCS Software Solutions is an IT company and provides services in IT consulting, IT Infra management, IT-enabled services and learning solutions.

Zee Media Corporation- The scrip experienced significant buying activity, resulting in the stock surging more than 18 per cent, reaching an intraday high of Rs 12.79 per share on BSE.  Zee Media Corporation Limited is an Indian news organization with interests in global, national, regional news channels and digital news publishing.

Aksh Optifibre - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 20 per cent upper circuit to record an intraday high of Rs 12 per share on BSE. Aksh Optifibre is engaged in the manufacturing and selling of optical fibre, optical fibre cable, fibre reinforced plastic rods, impregnated glass roving reinforcement and ophthalmic lenses.

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):    

Disclaimer: The article is for informational purposes only and not investment advice.