Penny Stocks: Stocks likely to be in focus tomorrow!

Investors have been drawn to these penny stocks due to their robust upward trends. Do you own them?

On Wednesday, the benchmark indices exhibited a strong upward trajectory, marked by the Sensex surging by a noteworthy 1.1 per cent and the Nifty concluding 1.04 per cent higher. This favorable momentum extended to broader indices, with the Nifty Midcap registering a gain of 0.81 per cent, and the Nifty Smallcap closing with a 1.03 per cent increase. 

Among the sectors, Nifty Auto, Nifty Bank, and Nifty IT emerged as the leading gainers, while Nifty Realty and Nifty Media experienced losses. Individual stock performances highlighted Axis Bank, Hero Motocorp, and M&M as the Top Gainers, whereas Adani Enterprises, ONGC, and Divi’s Laboratories found themselves among the primary losers within the Nifty 50. 

The following Penny Stocks are likely to be in focus on Thursday, November 30, 2023: 

Ducon Infratechnologies: 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 9.05 per share on NSE. The scrip witnessed massive spurt in volume. Ducon Infratechnologies is a growing diversified technology company that operates in a variety of business segments. 

Ginni Filaments: 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 33.30 per share on NSE. Ginni Filaments is an integrated textile manufacturer. 

ICDS: 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 32.25 per share on NSE. ICDS Limited is engaged in various financial activities.  

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.