Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Tuesday, October 10, 2023

On Monday, the benchmark indices wrapped up the trading session with modest setbacks, as both the Sensex and Nifty posted noticeable declines of 0.73 per cent and 0.72 per cent, respectively.

Furthermore, the Nifty Midcap segment closed with a substantial decline of 1.34 per cent, while the Nifty Smallcap segment concluded the day with a noteworthy loss of 1.78 per cent.

At present, there are no major sectors displaying positive performance, with Nifty PSU Bank, Nifty Media, and Nifty Metal emerging as the top underperformers. Among the Nifty 50 stocks, the leaders in terms of gains include HCL Tech, Dr. Reddy’s Laboratories, and Tata Consumer Products, whereas Adani Ports, Hero Motocorp, and HDFC Life have encountered significant losses.

The following Penny Stocks are likely to be in focus on Tuesday, October 10, 2023:

Agni Green Power- 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 28.90 per share on NSE. The scrip witnessed massive spurt in volume. Agni Green Power Ltd is in the business of execution of turn-key solar PV power plant projects.

Kanani Industries- 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 9.50 per share on NSE. Kanani Industries Ltd is engaged in the business of manufacture & export of diamond studded jewellery.

DCM Financial Services- A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 5.15 per share on NSE. DCM Financial Services Ltd (part of DCM group) deals in financing operations viz., inter corporate deposits and investment.

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.