Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 surged 0.55 per cent to close at 19,753.80, while both small-cap and mid-cap index performed positively

On Monday, Indian equity markets ended on a positive note. Nifty50 surged 0.55 per cent to close at 19,753.80, while both Small-Cap and Mid-Cap index performed positively. Amidst the Nifty 50 index, NTPC, Power Grid, and ONGC demonstrated robust performances, securing their positions as the leading gainers. Conversely, Britannia, HDFC Life, and IOC encountered declines, exerting downward pressure on the index.

In the realm of sectoral movements, Nifty IT, Nifty Metal, and Nifty Energy emerged as the primary gainers, bolstering the market's upward momentum. Conversely, Nifty FMCG incurred losses, affecting the overall gains in the market.

The following Penny Stocks are likely to be in focus on Tuesday, August 01, 2023:

Supreme Engineering- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 10 per cent upper circuit, recording an intraday high of Rs 0.55 per share on NSE. Supreme Engineering Ltd is in the business of manufacturing steel products.

Equippp Social Impact Technologies - The scrip experienced significant buying activity, resulting in the stock zooming getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 35.34 per share on BSE. EquiPPP Social Impact Technologies Ltd provides technology solutions to various business sectors through collaborative platform and technologies.

Suzlon Energy- 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 18.97 per share on BSE. Suzlon Energy Ltd manufactures wind turbine generators and related components.

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

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