Penny Stocks: Stocks likely to be in focus tomorrow!

Indian equity markets ended on a negative note, while both small-cap index and mid-cap index performed positively

On Thursday, Indian equity markets ended on a negative note, while both Small-Cap index and Mid-Cap index performed positively. Within the Nifty 50 index, BPCL, Asian Paints, and IndusInd Bank emerged as prominent gainers, supporting the index's performance. Conversely, Jio Financial Services, Reliance, and ONGC faced declines, impacting their standings.

The Nifty IT, Nifty FMCG, and Nifty Realty sectors stood out as significant performers, making a positive impact on the market trends. On the flip side, the Nifty Energy, Nifty PSU Bank, and Nifty Pharma sectors encountered declines.

The following Penny Stocks are likely to be in focus on Friday, August 25, 2023:

Visagar Polytex- Heavy buying was witnessed in the counter as the scrip zoomed 16.67 per cent, recording an intraday high of Rs 1.05 per share on NSE. Visagar Polytex Ltd is in the business of manufacturing and selling of textiles and readymade fabrics.

Filatex India- The scrip experienced significant buying activity, resulting in the stock surging more than 12 per cent, reaching an intraday high of Rs 44.85 per share on NSE. Filatex India is engaged in the manufacturing and trading of synthetic yarn and textiles such as polyester chips and narrow fabrics etc.

Vishwaraj Sugar Industries- A solid price volume breakout was seen at the counter today as the stock rallied more than 11 per cent to record an intraday high of Rs 18.20 per share on NSE. Vishwaraj Sugar Industries Ltd is engaged in the production of sugar and alcoholic spirits by distillation including ethanol, vinegar and generation of power.

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.