Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 dipped by 0.59 per cent to close at 19,428.30, while both small-cap index and mid-cap index performed negatively

On Friday, Indian equity markets ended on a negative note. Nifty50 dipped by 0.59 per cent to close at 19,428.30, while both Small-Cap index and Mid-Cap index performed negatively. Within the Nifty 50 index, HCL Techologies, Titan, and Power Grid Corporation Of India showcased robust advances, whereas NTPC, IndusInd Bank, and Divi’s Laboratories experienced declines in their stock values.

The following Penny Stocks are likely to be in focus on Monday, August 14, 2023:

Oriental Trimex- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 20 per cent, recording an intraday high of Rs 7.30 per share on BSE. The scrip witnessed some profit booking and closed 15.76 per cent up at Rs 7.05 per share on BSE. Oriental Trimex Ltd is engaged in the business of trading and processing of marble and mining of granite.

Indian Overseas Bank- The scrip experienced significant buying activity, resulting in the stock surging more than 15 per cent, reaching an intraday high of Rs 31.09 per share on BSE. Indian Overseas Bank was founded in 1937 by Chidambaram Chettyar. It was one of the 14 major banks that were nationalized in 1969.

Sakuma Exports- A solid price volume breakout was seen at the counter today as the stock rallied more than 6 per cent to record an intraday high of Rs 18.09 per share on BSE. Sakuma Exports Ltd is engaged in buying, processing, marketing, exporting bulk agricultural commodities like sugar, edible oils, oil seeds, pulses, cotton, etc.

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

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