Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, October 12, 2023

Both the Sensex and Nifty wrapped up with slight dips, marking a decline of 0.1 per cent and 0.09 per cent, respectively. On a brighter note, the Nifty Midcap exhibited a modest gain of 0.14 per cent, while the Nifty Smallcap showed even more impressive growth at 0.69 per cent.

Sector-wise, the performance was a mixed bag. Nifty Media, Nifty Auto, and Nifty Metal emerged as the standout gainers, while Nifty PSU Bank, Nifty Realty, and Nifty IT faced some headwinds, resulting in losses.

Zooming into the Nifty 50 index, the day's heroes included BPCL, Coal India, and Maruti. However, Tech Mahindra, Apollo Hospitals, and Infosys found themselves on the other side of the spectrum, grappling with declines and earning the title of top underperformers within the index.

Looking at the broader market sentiment, the glass appeared half full, with around 1,185 stocks advancing in comparison to 835 stocks in decline. This overarching optimism was the prevailing sentiment in the broader market landscape.

The following Penny Stocks are likely to be in focus on Thursday, October 12, 2023:

B.A.G Films & Media- 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 6 per share on NSE. The scrip witnessed massive spurt in volume. B.A.G. Films and Media Ltd is in the business of content production, distribution and allied activities.

Alps 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 2.35 per share on NSE. Alps Industries is engaged in the business of textile business.

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 7.10 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.