Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 dipped 0.37 per cent to close at 19,672.35, while both small-cap and mid-cap index performed positively

On Monday, Indian equity markets ended on a negative note. Nifty50 dipped 0.37 per cent to close at 19,672.35, while both Small-Cap and Mid-Cap index performed positively. FMCG stocks faced significant selling pressure, particularly ITC, which announced the demerger of its hotels business. The metals and oil & gas sectors also experienced selling. However, the pharma and healthcare indices showed resilience and witnessed some buying activity.

The following Penny Stocks are likely to be in focus on Monday, July 24, 2023:

Dhani Services- Heavy buying was witnessed in the counter as the scrip zoomed more than 13 per cent, recording an intraday high of Rs 39.95 per share on BSE. Dhani Services Ltd is primarily engaged in providing technology enabled subscription-based healthcare and transaction finance services through its 'Dhani' app.

Suzlon Energy- The scrip experienced significant buying activity, resulting in the stock getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 10.64 per share on BSE. The stock witnessed some profit booking and closed 1.73 per cent up at Rs 20 apiece on BSE. Suzlon Energy Ltd manufactures wind turbine generators and related components.

Hindustan Construction Company- A solid price volume breakout was seen at the counter today as the stock rallied more than 12 per cent to record an intraday high of Rs 21 per share on BSE. Hindustan Construction Company is principally engaged in the business of providing engineering and construction services, real estate, infrastructure and urban development and management.

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.