Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 17,624.05, while both mid-cap index and small-cap index performed negatively on broader markets

On Friday, Indian equity markets ended close to a flat note. Nifty50 closed at 17,624.05, while both Mid-Cap index and Small-Cap index performed negatively on broader markets.

The following penny stocks are likely to be in focus on Monday, April 24, 2023: 

Gyscoal Alloys- Heavy buying interest was witnessed in the counter as the scrip surged 9 per cent, recording an intraday high of Rs 3.00 per share on NSE. Gyscoal Alloys Limited is engaged in the business of manufacturing stainless steel and mild steel long products from scrap.

Dish TV- Heavy buying interest was witnessed in the counter as the scrip surged 17.5 per cent, recording an intraday high of Rs 16.10 per share on NSE. Dish TV India Ltd is a leading direct-to-home (DTH) company, providing DTH services across the segments in the country.

Reliance Naval and Engineering - A solid price volume break-out was seen at the counter today as the stock rallied 4.17 per cent to record an intraday high of Rs 2.50 per share. Reliance Naval and Engineering Ltd is engaged in the construction of vessels, repairs and refits of ships and rigs and heavy engineering.

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