Penny Stocks: Stocks likely to be in focus tomorrow!

On Tuesday, Indian equity markets ended flat. Nifty50 closed at 18,265.95, while Mid-Cap index performed positively and Small-Cap index performed negatively on broader markets.   

The following penny stocks are likely to be in focus on Wednesday, May 10, 2023:     

Alankit- Heavy buying interest was witnessed in the counter as the scrip surged 18.39 per cent, recording an intraday high of Rs 10.30 per share on NSE. The company is mainly in the business of e-Governance and e-Governance products.  

Kritika Wires- Heavy buying interest was witnessed in the counter as the scrip surged 9.8 per cent, recording an intraday high of Rs 14 per share on NSE. Kritika Wires Limited is engaged in the manufacturing of all types of steel wire and galvanised wire to cater to the needs of the State Electricity Boards, Power Grid Corporation of India Ltd, etc.  

TGB Banquets & Hotels- A solid price volume break-out was seen at the counter today as the stock rallied and got locked at 10 per cent upper circuit to record an intraday high of Rs 11.55 per share. TGB Banquets and Hotels Ltd is into provision of restaurants, banquets and hotel services.   

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