Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Wednesday, November 22, 2023.

In Tuesday's trading session, the benchmark indices closed on a positive note, with the Sensex and Nifty recording gains of 0.42 per cent and 0.45 per cent, respectively. However, the broader market displayed a mixed performance, with Nifty Mid-Cap edging higher by 0.06 per cent and Nifty Small-Cap dipping by 0.11 per cent.

Market volatility, gauged by India VIX, witnessed a modest uptick of 0.7 per cent, suggesting a slight increase in market uncertainty.

In the sectoral landscape, Nifty Metal, Nifty Realty, and Nifty Media emerged as the Top Gainers, while Nifty PSU Bank, Nifty FMCG, and Nifty IT experienced losses.

Among individual stocks, SBI Life, HDFC Life, and Adani Enterprises led the gainers, whereas Coal India, ONGC, and BPCL found themselves among the Top Losers in the Nifty 50.

Maintaining a positive overall sentiment, the broader market witnessed 1086 advancing stocks against 928 declining stocks, reflecting an optimistic trend in the market at large.

The following Penny Stocks are likely to be in focus on Wednesday, November 22, 2023:

Cinevista - 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 19.50 per share on NSE. The scrip witnessed massive spurt in volume. Cinevista Ltd specializes in producing and showcasing commissioned television programs, feature films, and advertising commercials. Additionally, the company has expanded its portfolio to include ventures in the real estate business.

Flexituff Ventures International- The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 46.70 per share on NSE. Founded in 1966, Flexituff Ventures International Ltd operates in the technical textile sector.

Kritika Wires - 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 29.20 per share on NSE. Kritika Wires Limited specializes in manufacturing various types of steel wire and galvanized wire, primarily serving the requirements of State Electricity Boards and Power Grid Corporation of India Ltd.

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.