Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 18,726.40, while both the mid-cap index and small-cap index performed positively in the broader markets

On Wednesday, the Indian equity markets ended on a positive note. Nifty50 closed at 18,726.40, while both the Mid-Cap index and Small-Cap index performed positively in the broader markets.

The following Penny Stocks are likely to be in focus on Thursday, June 08, 2023:

Patel Engineering- Heavy buying was witnessed in the counter as the scrip surged and got locked at 5 per cent upper circuit, recording an intraday high of Rs 30 per share on BSE. Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works.

Reliance Home Finance- The scrip experienced significant buying activity, resulting in the stock getting locked at 5 per cent upper circuit reaching an intraday high of Rs 3.67 per share on BSE. The company is registered as a housing finance company with National Housing Bank and is engaged in mortgage-based lending operations like home loan, affordable housing, LAP and construction finance.

Rattanindia Power - A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 20 per cent upper circuit to record an intraday high of Rs 4 per share. RattanIndia Power Limited is one of India’s largest private power generation company, with installed capacity of 2,700 MW thermal power plants at Amravati and Nashik in Maharashtra, India.

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