Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 surged 0.43 per cent up to close at 19,393.60, while both small-cap index and mid-cap index performed positively

On Monday, Indian equity markets ended on a positive note. Nifty50 surged 0.43 per cent up to close at 19,393.60, while both Small-Cap index and Mid-Cap index performed positively.

Analysing specific stock movements within the Nifty 50 index, Bajaj Finance, Adani Ports, and Power Grid Corporation stood out as Top Gainers. In contrast, Reliance, M&M, and Britannia experienced declines, positioning them as the primary losers.

The following Penny Stocks are likely to be in focus on Tuesday, August 22, 2023:

Digispice Technologies- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 41.05 per share on NSE. Digispice Technologies Limited (DTL) is primarily engaged in the information and communication technology business providing Value Added Services (VAS), and mobile content services to the domestic and international telecom operators and the development and sale of telecom-related software.

Viji Finance- The scrip experienced significant buying activity, resulting in the stock surging more than 7 per cent, reaching an intraday high of Rs 2.15 per share on NSE. Viji Finance Ltd is engaged in providing financial services.

Manaksia Coated Metals & Industries - A solid price volume breakout was seen at the counter today as the stock rallied more than 18 per cent to record an intraday high of Rs 20 per share on NSE. Manaksia Coated Metals & Industries Ltd is engaged in manufacturing value-added secondary metal products like galvanised corrugated sheets, galvanised plain sheets and colour coated sheets.

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.