Penny Stocks: Stocks likely to be in focus tomorrow!

In terms of individual stock dynamics, Jio Financial Services, Tata Steel, and Maruti emerged as notable gainers in the Nifty 50 index

On Wednesday, Indian equity markets ended on a positive note, while both Small-Cap index and Mid-Cap index performed positively.

In terms of individual stock dynamics, Jio Financial Services, Tata Steel, and Maruti emerged as notable gainers in the Nifty 50 index. Conversely, Power Grid, BPCL, and SBIN found themselves prominently positioned as the leading decliners within the Nifty 50 index.

Within the cohort of gainers, Nifty Realty, Nifty Metal, and Nifty IT assumed prominent roles, infusing upward impetus. However, the flip side revealed Nifty Bank, Nifty Financial Services, and Nifty Energy encountering setbacks, contributing to sectoral losses.

The following Penny Stocks are likely to be in focus on Thursday, August 31, 2023:

Suzlon Energy- 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 25.85 per share on NSE. The scrip witnessed massive spurt in volume. Suzlon Energy Ltd manufactures wind turbine generators and related components.       

Lasa Supergenerics- The scrip experienced significant buying activity, resulting in the stock surging more than 11 per cent, reaching an intraday high of Rs 33.25 per share on NSE. Lasa Supergenerics Limited is engaged in manufacturing veterinary & human APIs, animal feed ingredients and specialises in catalyst chemistry.

Reliance Power- 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 20.60 per share on NSE. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development.

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.

1 comments on article "Penny Stocks: Stocks likely to be in focus tomorrow!"

Mukesh shah

Thanks a lot ,pl send detail regularly

9/1/2023 7:31 AM

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