Penny Stocks to Watch: Dont miss action in these three penny stocks that were locked in the Upper Circuit on Thursday!
The BSE Sensex gained by 0.78 per cent on Thursday. The BSE SmallCap index was up by 0.87 per cent in Thursday trading session. Overall, on BSE there were atleast 492 stocks that were locked in the upper circuit in Thursday trading session. Several penny stocks were seen outperforming the markets even as few of them were seen locked in the upper circuit.
Following three penny stocks were locked in the upper circuit and may remain in focus on Friday:
- Prakash Steelage: The shares of Prakash Steelage were seen locked in the upper circuit on Thursday. The shares of Prakash Steelage are trading at a five year high. At current price of Rs 4.7 per share the share is available at a PE of 1.63. The shares of Prakash Steelage are witnessing good volumes with price rise. The buying interest in the counter can be attributed to the improvement in the financial trend. The shares of Prakash Steelage will be in focus on Friday.
- A2Z infra and engineering: the shares of A2Z infra and engineering are locked in the upper circuit on Thursday. The shares of A2Z infra are locked in the upper circuit on the third consecutive trading session. The stock is down by nearly 14 per cent from its 52-week highs of Rs 7.15 per share. A2Z infra shares will be in focus on Friday.
- JCT: The shares of JCT gained by ~5 per cent on Thursday. The stock is up by more than 36 per cent in one month alone while in one year the stock is up buy 474 per cent. JCT is turning out to be a textile multibagger penny stock as the technical point towards strong price momentum. The stock is trading at a multiyear high and is expected to attract buyers as it trades higher after trading above the resistance levels.