Penny Stocks to Watch: These three stocks were locked in the Upper Circuit; check if you own any!
The market is seen recovering with Nifty managing to close above 17500 levels on Tuesday. The BSE SmallCap index was clearly seen outperforming the benchmark indices on Tuesday. Precision Camshaft, Raymond, HLE Glasscoat, Venus Remedies and Sutlej Textiles are some of the top gainers from the BSE SmallCap index.
Some of the penny stocks were also seen outperforming the markets on Tuesday.
Following penny stocks are witnessing buying interest:
- Vikas Ecotech: The shares of Vikas Ecotech are seen trending on bourses on Tuesday. The share price of Vikas Ecotech jumped higher by 10 per cent on closing basis with a spurt in volume of more than 7.14 times. The stock has gained by over 34 per cent in one month alone. The specialty chemical company has announced a right issue with record date of November 25.
- A2Z Infra Engineering: The shares of A2Z Infra Engineering were seen locked in the upper circuit on Tuesday. The shares of A2Z infra have slipped by almost 20 per cent from its 52-week high of Rs 7.15 per share it made on November 11. In one year, the stock has gained by more than 40 per cent. The company is loss making and has a huge debt piled up, however is trading below its book value. A2Z infra may remain in focus on Wednesday.
- JCT: The shares of JCT were seen locked in the upper circuit on Tuesday after gaining nearly 5 per cent on closing basis. JCT shares are trading close to its 52-week high and is on the verge of a breakout. The positive momentum in the stocks is due to buzz in the market about the company attempting to sell its non-core assets and reduce debts. The positive momentum in Textile sector stocks is also one of the big advantages for the bulls betting on JCT.