Penny Stocks: Stocks likely to be in focus tomorrow!

On Monday, in a significant market development, the Nifty index reached a historic milestone, surpassing the 20,000 level

On Monday, in a significant market development, the Nifty index reached a historic milestone, surpassing the 20,000 level and demonstrating a noteworthy gain of 0.89 per cent. Simultaneously, the Sensex index has also wrapped up on a positive note, with an uptick of 0.79 per cent.

Furthermore, the Nifty Midcap index has showcased impressive resilience, closing the day with a substantial increase of 1.14 per cent, while the Nifty Smallcap index has exhibited robust performance by concluding significantly higher, surging by 1.33 per cent.

In terms of top-performing sectors, Nifty PSU Bank, Nifty Metal, and Nifty Auto have outperformed, leading the market in terms of gains. Notably, Nifty Media was the sole major sector that underperformed expectations for the day.

Upon scrutinizing individual stocks within the Nifty 50 index, Adani Ports, Adani Enterprises, and Power Grid emerged as the top performers, while Coal India, ONGC, and Bajaj Finance faced declines.

The following Penny Stocks are likely to be in focus on Tuesday, September 12, 2023:

DPSC Limited- Heavy buying was witnessed in the counter as the scrip zoomed more than 7 per cent, recording an intraday high of Rs 18.40 per share on NSE. The scrip witnessed massive spurt in volume. The company is in business of power distribution, renewable power generation and smart grid.

Infibeam Avenues- The scrip experienced significant buying activity, resulting in the stock surging 17 per cent, reaching an intraday high of Rs 18.85 per share on NSE. Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services.

Visesh Infotecnics- A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 20 per cent upper circuit to record an intraday high of Rs 0.60 per share on NSE. The company is engaged in system integration and networking solutions (including hardware); enterprise software; domain registration & web hosting services; telecommunication; VAS & IT-enabled services.

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.