Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 19,749.25, while both small-cap index and mid-cap index performed negatively

The Sensex and Nifty extended their streak of record-breaking gains, surging to unprecedented levels, fuelled by new foreign fund inflows and increased investment in banking sectors. The optimism in the domestic benchmark indices was further bolstered by a positive trend in the US markets yesterday, aligning with the overall favourable global market conditions that are currently supporting the bulls. Nifty50 closed at 19,749.25, while both Small-Cap index and Mid-Cap index performed negatively.

The following Penny Stocks are likely to be in focus on Wednesday, July 19, 2023:

Prozone Intu Properties- Heavy buying was witnessed in the counter as the scrip surged 9.96 per cent, recording an intraday high of Rs 28.69 per share on BSE. Prozone Intu Properties Limited was incorporated in 2007. It is a focused retail-led and residential mixed-use real estate development company.

Kshitij Polyline- The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 7.60 per share on NSE. Kshitij Polyline Ltd manufactures and sells lamination and stationery products.

Gayatri Projects- A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 7.29 per share on BSE. Gayatri Projects Ltd, incorporated in 1963, is engaged in execution of major civil works including concrete/masonry dams, earth filling dams, national highways, bridges, canals, aqueducts, ports, etc.

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

Disclaimer: The article is for informational purposes only and not investment advice.