Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 dipped by 0.13 per cent to close at 19,570.85, while both small-cap index and mid-cap index performed positively

On Tuesday, Indian equity markets ended on a negative note. Nifty50 dipped by 0.13 per cent to close at 19,570.85, while both Small-Cap index and Mid-Cap index performed positively. Hero Motocorp, SBI Life, and Cipla were prominent advancers in the Nifty 50 index, while Adani Enterprises, Power Grid, and Hindalco took on the role of leading decliners for the day.

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

Techindia Nirman- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent, recording an intraday high of Rs 15.65 per share on BSE. The scrip witnessed some profit booking and closed 11.11 per cent up at Rs 14.50 per share on BSE. Techindia Nirman Ltd (formerly Nath Seeds Ltd) is engaged in the business of infrastructure development.

PTC India Financial Services- The scrip experienced significant buying activity, resulting in the stock surging more than 17 per cent, reaching an intraday high of Rs 28.25 per share on BSE. PTC India Financial Services Limited (PFS) is a NBFC registered with RBI which holds the status of Infrastructure Finance Company. It provides equity/debt financing solutions to the energy value chain.

Sakuma Exports- A solid price volume breakout was seen at the counter today as the stock rallied more than 15 per cent to record an intraday high of Rs 16.70 per share on BSE. Sakuma Exports Ltd is engaged in buying, processing, marketing, exporting bulk agricultural commodities like sugar, edible oils, oil seeds, pulses, cotton, etc.

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.