Penny Stocks: Stocks likely to be in focus tomorrow!

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

On Thursday, Indian equity markets ended on a negative note, while Small-Cap index performed positively while Mid-Cap index performed negatively.

At the level of individual stocks, Maruti, Cipla, and HDFC Life stood out as notable winners, while Adani Enterprises, Adani Ports, and BPCL experienced declines within the Nifty 50 index.

Nifty Realty and Nifty IT exhibited positive movement among the gainers, whereas Nifty PSU Bank, Nifty Energy, and Nifty FMCG encountered setbacks in the sectoral landscape.

The following Penny Stocks are likely to be in focus on Friday, September 01, 2023:

Sagardeep Alloys- Heavy buying was witnessed in the counter as the scrip zoomed more than 17 per cent, recording an intraday high of Rs 27.90 per share on NSE. The scrip witnessed massive spurt in volume. Sagardeep Alloys Ltd is the umbrella brand of Sagardeep Metals, and is in the manufacturing of copper alloys consumables and other copper products and also trades in stainless steel sheets and coils.

Nitco Limited- The scrip experienced significant buying activity, resulting in the stock surging more than 18 per cent, reaching an intraday high of Rs 22.35 per share on NSE. The company is engaged in providing floor and wall solutions and manufactures a range of tiles, marbles, and mosaic and has also entered into real estate development.

Alok Industries- A solid price volume breakout was seen at the counter today as the stock rallied more than 13 per cent to record an intraday high of Rs 20.20 per share on NSE. Alok Industries is a textile company with a presence in the cotton and polyester segments.

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.