Penny Stocks: Stocks likely to be in focus tomorrow!

On Monday, the Sensex and Nifty 50 closed in a positive manner, registering a gain of 0.37 per cent and 0.48 per cent

On Monday, the Sensex and Nifty 50 closed in a positive manner, registering a gain of 0.37 per cent and 0.48 per cent. It's worth highlighting that the Nifty Midcap closed notably higher, securing an impressive gain of 0.98 per cent, while the Nifty Smallcap experienced substantial growth, concluding with a 1.33 per cent gain.

In the Nifty 50 index, prominent gainers encompassed Coal India, Wipro, and HCL Tech, while Nestle India, M&M, and Axis Bank faced declines.

The following Penny Stocks are likely to be in focus on Tuesday, September 05, 2023:

Century Extrusions- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent upper circuit, recording an intraday high of Rs 13.60 per share on NSE. The scrip witnessed massive spurt in volume. Century Extrusions Ltd manufactures aluminium extruded products, power transmission and distribution line hardware.

AMJ Land Holdings- The scrip experienced significant buying activity, resulting in the stock surging more than 18 per cent, reaching an intraday high of Rs 34.50 per share on NSE. AMJ Land Holdings is in the business of real estate development in Pune and the generation and sale of power from its 3 wind power plants having an aggregate generation capacity of 4.6 MW and located in Maharashtra.

Bajaj Hindusthan Sugar- 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 28.55 per share on NSE. Bajaj Hindusthan Sugar is engaged in the manufacture of sugar, alcohol, ethanol, and the 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.