Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Friday, February 02, 2024

The domestic indices responded unfavourably to the budget developments, experiencing a decline that resulted in the trading session concluding marginally lower. The BSE Sensex declined 0.15 per cent to 71,645 level at the close. The Nifty 50 index lost 0.13 per cent to a level of 21,697. The broader indices witnessed a more substantial decline in comparison to the main indices.

The following Penny Stocks are likely to be in focus on Friday, February 02, 2024:

Swasti Vinayaka Synthetics Ltd: The trading volume of shares experienced a ninefold surge, surging by nearly 20 per cent to reach a 52-week high of Rs 10 per share on the BSE. The company specializes in the production of high-end cotton, cotton-blended, and linen designer shirting, selling its products directly to retail chains, garment exporters, and corporate houses.

FCS Software Solutions Ltd: Shares attracted significant buying interest, hitting the 10 per cent upper circuit and reaching a 52-week high of Rs 5.84 per share on the BSE. The company operates in the IT sector, offering services in IT consulting, IT infrastructure management, IT-enabled services, and learning solutions.

Innocorp Ltd: The shares surged over 8 per cent, reaching an intraday high of Rs 6.50 per share on the BSE. The company specializes in the manufacturing of injection-moulded plastic products for household, kitchenware, and industrial applications. Additionally, it serves as a contract manufacturer for Tupperware, engaging in the injection moulding of plastics and processing various grades.

Top trending stocks of the day: Housing & Urban Development Corporation, NBCC (India), BEML Ltd, Godrej Consumer Products, Infibeam Avenues, AIA Engineering, Suzlon Energy, Swan Energy.

Disclaimer: The article is for informational purposes only and not investment advice