Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, September 21, 2023

On Wednesday, the Sensex saw a significant downturn, closing with a decline of 1.18 per cent, while the Nifty also ended the day lower by 1.15 per cent. Additionally, the Nifty Midcap index wrapped up the session with a 0.28 per cent decrease, and the Nifty Smallcap index registered a substantial drop of 0.88 per cent.

Among the various sectors, Nifty Metal, Nifty Financial Services, and Nifty Bank emerged as the top underperformers, with no major sector finishing in the green.

Upon scrutinizing individual stocks within the Nifty 50 index, Power Grid, Coal India, and ONGC emerged as the leading gainers, whereas HDFC Bank, JSW Steel, and Reliance were among the prominent decliners.

The following Penny Stocks are likely to be in focus on Thursday, September 21, 2023:

Brightcom Group- 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 19.25 per share on NSE. The scrip witnessed massive spurt in volume. Brightcom Group Ltd offers digital marketing solutions to businesses, agencies and online publishers worldwide.

Tirupati Forge - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 12.30 per share on NSE. The company manufactures mass quantity carbon steel forged flanges, forged components and other automotive components.

Moksh Ornaments- A solid price volume breakout was seen at the counter today as the stock rallied more than 14 per cent to record an intraday high of Rs 18.35 per share on NSE. Moksh Ornaments Ltd is in the business of export and trading in gold jewellery.

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.