Penny Stocks: Stocks likely to be in focus tomorrow!

All sectoral indices closed in red except IT and Healthcare

On Wednesday, Indian equity markets were dominated by bears amidst a volatile session. Nifty 50 slipped 1.01 per cent to end at 18,199. Mid-Cap and Small-Cap indices significantly underperformed broader markets. All sectoral indices closed in red except IT and Healthcare.                 

The following penny stocks are likely to be in focus on Thursday, December 22, 2022:   

Gyscoal Alloys - A solid price volume break-out was seen in the counter today. The scrip surged more than 12 per cent to record an intra-day high of Rs 4.20 per share on NSE. The company is engaged in the business of manufacturing stainless steel and mild steel long products from scrap.

Gayatri Highways - Heavy buying interest was seen in the counter in today's session as the scrip locked at 10 per cent upper price band to record an intra-day high of Rs 0.95 per share on NSE. The company is in the business of construction, operations and maintenance of carriageways on tolls and annuity basis pursuant to the development agreements with the national and state Governments. 

Unitech - Only buyers were seen in the scrip in the first half of the session. The stock got locked at a 5 per cent upper circuit, recording a high of Rs 1.90 per share on an intra-day basis. The company is engaged in developing/constructing residential and commercial properties in India and selling the immovable properties to customers. 

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