Penny Stocks: Stocks likely to be in focus tomorrow!

Mid-cap and Small-cap indices underperformed broader markets

On Monday, Indian equity markets staged a decent recovery in the second half of a highly volatile trading session. Nifty 50 ended the session at 17,649, up by 0.25 per cent. Mid-Cap and Small-Cap indices underperformed broader markets.

The following penny stocks are likely to be in focus on Tuesday, January 31, 2023:   

Anjani Finance - Heavy buying interest was witnessed in the counter as the scrip rallied 4.89 per cent, recording a high of Rs 7.28 per share on BSE. The company is a non-banking finance company and investment and loan company. The company is working under the flagship of Agarwal Group. 

Goyal Associates - A solid price volume break-out was seen in the counter today. The stock locked at 20 per cent upper circuit to record a high of Rs 1.74 per share on BSE. The company is engaged in the business of providing micro enterprise loans, SME loans, two wheeler loans, commercial vehicle loans, agri based loans

Sylbly Industries - Only buyers were seen in the counter as the scrip locked at a 5 per cent upper circuit, recording an intra-day high of Rs 8.19 per share on BSE. The company is engaged in manufacturing and selling of yarn and trading of fabrics. They have reduced debt free and stock is trading at 1.03 times book value.  

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