Penny Stocks: Stocks likely to be in focus tomorrow!

The following penny stocks are likely to be in focus on Thursday, November 23, 2023

In the recent trading session on Wednesday, the key benchmark indices concluded on an optimistic note, witnessing a 0.14 per cent gain in both Sensex and Nifty. However, the broader market exhibited a diverse performance, with Nifty Mid-Cap recording a rise of 0.34 per cent and Nifty Small-Cap witnessing a decline of 1.21 per cent.

Market volatility, gauged by the India VIX, saw a modest drop of 2.84 per cent, signaling a slight decrease in overall market volatility. Notable sectoral movements showcased Nifty IT, Nifty Auto, and Nifty Pharma as the Top Gainers, while Nifty PSU Bank, Nifty Media, and Nifty Metal experienced losses.

Among individual stocks, BPCL, Cipla, and NTPC took the lead as the top gainers, while Indusind Bank, Hindalco, and Kotak Bank featured among the prominent losers within the Nifty 50.

The broader market sentiment leans towards a positive trajectory, with approximately 811 advancing stocks against 1227 declining ones, underscoring an optimistic trend in the overall market landscape.

The following Penny Stocks are likely to be in focus on Thursday, November 23, 2023:

AKG Exim - 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 28.50 per share on NSE. The scrip witnessed massive spurt in volume. Established in 2005, AKG Exim Ltd is engaged in the trade of metal scrap, rice, spices, and dry fruits.

Brightcom Group- 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 17.45 per share on NSE. Established in 2010, Brightcom Group Ltd, formerly known as Lycos Internet Ltd, provides digital marketing solutions globally to businesses, agencies, and online publishers.

Century Extrusions - 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 17.95 per share on NSE. Founded in 1988, Century Extrusions Ltd specializes in the manufacturing of Aluminum Extruded Products, as well as Power Transmission and Distribution Line Hardware.

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.