Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Wednesday, October 04, 2023

On Tuesday, both the Sensex and Nifty concluded the day with a slight dip of 0.48 per cent and 0.56 per cent, respectively. Nevertheless, there were areas of resilience as the Nifty Midcap managed a modest upswing, closing up by 0.18 per cent, while the Nifty Smallcap posted a moderate gain of 0.53 per cent.

In terms of sectoral performance, Nifty PSU Bank, Nifty Media, and Nifty Realty emerged as the leading gainers, exhibiting positive movements. Conversely, sectors such as Nifty Energy, Nifty Auto, and Nifty Pharma saw declines.

Within the Nifty 50 index, notable gainers comprised Bajaj Finance, L&T, and Titan, whereas ONGC, Eicher Motors, and Hindalco stood out among the leading decliners.

The following Penny Stocks are likely to be in focus on Wednesday, October 04, 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 27 per share on NSE. The scrip witnessed massive spurt in volume. Suzlon Energy Ltd manufactures wind turbine generators and related components.

Syncom Formulations (India)- The scrip experienced significant buying activity, resulting in the stock surging more than 15 per cent, reaching an intraday high of Rs 9.70 per share on NSE. Syncom Formulations is a global pharmaceutical company that manufactures and markets a broad range of healthcare products.

Ruchi Infrastructure- 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 14.05 per share on NSE. Ruchi Infrastructure Ltd is engaged in the business of infrastructure, storage of liquid commodities, agri warehousing facilities, wind power generation, trading of various commodities and manufacturing of soap.

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.