The following penny stocks are likely to be in focus on Monday, December 19, 2022.

Since listing on the SME board, shares of Jay Jalaram Technologies have soared 332 per cent!

Don’t miss out action on this textile stock in the coming week as the flag breakout indicates that the stock could remain in the limelight.

Watch out for these stocks in Monday’s trading session!

Interestingly, the back-to-back upper circuit has been seen on back of robust volumes, as volume has been above the 50-days average volume for the last four trading sessions.  

India's determination to promote biofuel use has resulted in a tremendous growth in ethanol output during the previous five years, which is still on-going.

The Co holds significant investments in Equity Shares of various diversified companies like Century Textiles and Industries Limited, Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement Limited, Vodafone Idea Limited, Birla Tyres, Kesoram Industries Limited etc. Along with this the company has many prime properties.  

The benchmark indices were trading lower this week. On Friday, BSE Sensex closed on a negative note, down around 461.22 points or 0.75 per cent at 61,337.81. About 1,334 shares had advanced, 2,213 declined and 105 were unchanged.

The stock has increased by 88.85 per cent in 6 months, although the BSE Sensex has only increased by 19.43 per cent. The stock PE multiple is 2.15 whereas the industry PE multiple is 17.2. Investors should keep this stock on their watchlist. 

Ugar Sugar Works, the top BSE Smallcap gainer, soared more than 16 per cent on a 10-fold surge in volume and traded at a 52-week high.