Penny Stocks: Stocks likely to be in focus tomorrow!

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

On Tuesday, Indian equity markets ended on a positive note, while both Small-Cap index and Mid-Cap index performed positively.

Amongst the various sectors, Nifty Realty, Nifty Metal, and Nifty Media stand out as the leading gainers, underscoring their strong performance throughout the trading session. In contrast, the Nifty PSU Bank, Nifty FMCG, and Nifty Pharma sectors experience a decline, emerging as the primary losers within their respective categories.

Taking a closer look at individual stock dynamics, Jio Financial Services, Hindalco, and UPL demonstrate significant advances, whereas Bharti Airtel, Hindustan Unilever, and Axis Bank encounter setbacks among the constituents of the Nifty 50 index.

The following Penny Stocks are likely to be in focus on Wednesday, August 30, 2023:

Suzlon Energy- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 24.65 per share on NSE. Suzlon Energy Ltd manufactures wind turbine generators and related components.           

Lasa Supergenerics- The scrip experienced significant buying activity, resulting in the stock surging more than 15 per cent, reaching an intraday high of Rs 32.20 per share on NSE. Lasa Supergenerics Limited is engaged in manufacturing veterinary & human APIs, animal feed ingredients and specialises in catalyst chemistry.

Arshiya- 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 4.25 per share on NSE. Arshiya Ltd is in the business of inter modal logistics.

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

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