Penny Stocks: Stocks likely to be in focus tomorrow!

NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, and Bajaj Finserv were among the top gainers on the Nifty

On Wednesday, Indian equity markets ended on a positive note. Nifty50 closed at 19,833.15, while both Small-Cap index and Mid-Cap index performed positevly. NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, and Bajaj Finserv were among the Top Gainers on the Nifty. On the other hand, Hindalco Industries, Bajaj Auto, Hero MotoCorp, TCS, and Maruti Suzuki were among the Top Losers.

The following Penny Stocks are likely to be in focus on Thursday, July 20, 2023:

Megasoft- Heavy buying was witnessed in the counter as the scrip surged and got locked at 20 per cent upper circuit, recording an intraday high of Rs 40.25 per share on NSE. Megasoft Limited is engaged in the business of providing technology platforms & solutions to the global telecoms industry, especially mobile telecom service providers.

Reliance Power- The scrip experienced significant buying activity, resulting in the stock surging more than 4 per cent, reaching an intraday high of Rs 15.60 per share on BSE. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.

Gayatri Projects- 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 7.65 per share on BSE. Gayatri Projects Ltd, incorporated in 1963, is engaged in execution of major civil works including concrete/masonry dams, earth filling dams, national highways, bridges, canals, aqueducts, ports, etc. 

Here is the list of volume breakout penny stocks that witnessed heavy buying in today's session:     

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