Penny Stocks: Stocks likely to be in focus tomorrow!

Nifty50 closed at 17,557.05, up by 0.91 per cent, while both mid-cap index and small-cap index performed positively on broader markets

On Wednesday, Indian equity markets ended on a positive note. Nifty50 closed at 17,557.05, up by 0.91 per cent, 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 Thursday, April 06, 2023:     

Zenith Steel Pipes & Industries- Heavy buying interest was witnessed in the counter as the scrip surged and got locked at 20 per cent upper circuit, recording an intraday high of Rs 4.80 per share on NSE. Zenith Steel Pipes & Industries is engaged in the manufacturing and selling of ERW and SAW Pipes.  

Urja Global- Heavy buying interest was witnessed in the counter as the scrip surged and got locked at 20 per cent upper circuit, recording an intraday high of Rs 9 per share on NSE. Urja Global is a leading renewable energy developer and operator.  

Shrenik Limited- A solid price volume break-out was seen at the counter today as the stock rallied and got locked at 20 per cent upper circuit to record an intraday high of Rs 1.2 per share. Shrenik Limited, incorporated in 1985, is a paper-trading company having its operations spread across Gujarat, Rajasthan and Maharashtra.  

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