Penny Stocks: Stocks likely to be in focus tomorrow!

On Wednesday, bears made a bold comeback on Indian equity markets. Nifty 50 and Sensex recorded losses of ~1.26 per cent each.

On Wednesday, bears made a bold comeback on Indian equity markets. Nifty 50 and Sensex recorded losses of ~1.26 per cent each. Mid-Cap stocks saw heavy selling pressure. All sectoral indices except Metal closed in the red territory.

The following penny stocks are likely to be in focus on Friday, January 27, 2023:   

Vikas Lifecare - The company's Board of Directors accorded their approval to invest up to Rs 250 crore in Kohinoor Foods Limited, with an objective of broad-basing the company’s product portfolio, and strengthening its positioning in industry matrix, complimenting and supplementing the existing business lines of the Company by way of fresh equity, quasi capital, or any combination thereof. Heavy buying interest was witnessed in the counter on Wednesday.

GCM Capital Advisors - A solid price volume break-out was seen in the counter on Wednesday. The stock rallied more than 9 per cent to record a high of Rs 8.61 per share on BSE. The company is in the business of financing, trading and investments in equity shares and commercial papers. The company is almost debt free and is trading at close to 0.35 times its book value.

Sundaram Multi Pap - Heavy buying interest was witnessed in the counter as the scrip rallied more than 7 per cent, recording a high of Rs 3.10 per share on NSE. The company is in the business of school & office stationery as well as e-learning. 

Following is the list of volume breakout penny stocks that witnessed heavy buying in Wednesday’s session: