Penny Stocks: Stocks likely to be in focus tomorrow!

On Tuesday, Indian equity markets ended on a weak note. Nifty 50 slipped 0.42 per cent to close at 17,656. Mid-Cap stocks bucked the bearish trend and recorded healthy gains. 

The following Penny Stocks are likely to be in focus on Thursday, October 27, 2022: 

ECS Biztech – Shares of the company locked at a 5 per cent upper circuit on Tuesday, recording a fresh 52-week high of Rs 9.16 per share on BSE. The scrip has rallied 21.16 per cent in the last five trading sessions. The company provides customer-centric technology solutions and services through the best environment-friendly practices.

South Indian Bank - A strong price volume breakout was witnessed at this counter on Tuesday. The stock rallied more than 17 per cent to record a fresh 52-week high of Rs 13.90 per share on the NSE. South Indian Bank provides retail and corporate banking, para-banking activities such as debit cards, and third-party financial product distribution, in addition to treasury and foreign exchange business.  

Royal India Corporation - Only buyers were seen in the counter as the scrip locked at a 20 per cent upper circuit on Tuesday, recording an intra-day high of Rs 12.65 per share on BSE. The company is engaged in wholesale trading of gold and gold-related products.

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