Penny Stocks: Stocks likely to be in focus tomorrow!

On Wednesday, both the Sensex and Nifty concluding the day with modest upticks, posting gains of 0.15 per cent and 0.18 per cent, respectively

On Wednesday, both the Sensex and Nifty concluding the day with modest upticks, posting gains of 0.15 per cent and 0.18 per cent, respectively.

In terms of sector performance, Nifty FMCG, Nifty Pharma, and Nifty Energy emerged as the standout performers, while Nifty PSU Bank, Nifty Realty, and Nifty Metal recorded losses.

A closer examination of individual stocks within the Nifty 50 index reveals Tata Consumer Products, Divi’s Laboratories, and Bharti Airtel as the Top Gainers, whereas Axis Bank, Hindalco, and Tata Steel found themselves among the leading decliners.

The following Penny Stocks are likely to be in focus on Thursday, September 07, 2023:

Century Extrusions- 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 17.90 per share on NSE. The scrip witnessed massive spurt in volume. Century Extrusions Ltd manufactures aluminium extruded products, power transmission and distribution line hardware.

Usha Martin Education & Solutions- The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 20 per cent upper circuit, reaching an intraday high of Rs 5.55 per share on NSE. Usha Martin Education & Solutions Ltd provides education through IT-enabled global certification & training programs.

Hindustan Motors- A solid price volume breakout was seen at the counter today as the stock rallied more than 17 per cent to record an intraday high of Rs 13.95 per share on NSE. Hindustan Motors is involved in the production of the Ambassador and Winner automobiles.

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.