Penny Stocks: Stocks likely to be in focus!

Nifty50 closed at 18,065, while both mid-cap index and small-cap index performed positively on broader markets

On Friday, Indian equity markets ended on a positive note. Nifty50 closed at 18,065, while both Mid-Cap index and Small-Cap index performed positively on broader markets.   

The following penny stocks are likely to be in focus on Tuesday, May 2, 2023:     

Gyscoal Alloys- Heavy buying interest was witnessed in the counter as the scrip surged and got locked at 10 per cent upper circuit, recording an intraday high of Rs 2.75 per share on NSE. Gyscoal Alloys Limited is engaged in the business of manufacturing stainless steel and mild steel long products from scrap.   

Mohit Industries- Heavy buying interest was witnessed in the counter as the scrip surged 19.76 per cent, recording an intraday high of Rs 15.45 per share on NSE. Mohit Industries Ltd manufactures texturized yarn from POY and weaving of the yarn to grey cloth.   

Viji Finance - A solid price volume break-out was seen at the counter today as the stock rallied 9.52 per cent to record an intraday high of Rs 2.30 per share. Viji Finance Ltd is engaged in providing financial services.   

Following is the list of volume breakout penny stocks that witnessed heavy buying in Friday’s session: