Penny stocks to watch out for tomorrow, July 18, 2023

The Sensex reaches a new all-time high of 66,656, experiencing a surge of 0.8%. Similarly, the Nifty also surges by 0.75% and achieves a new all-time high of 19,731. Closing higher, the Nifty Midcap and Nifty Smallcap record gains of 0.31% and 0.88% respectively. 

Among the top gainers, we have Nifty Media, Nifty PSU Bank, and Nifty Bank, while Nifty Auto and Nifty Realty are among the top losers. From the Nifty 50, Wipro, Dr Reddy’s Laboratories and SBI are among the top gainers, while Hero Motocorp, ONGC and Tata Motors are among the top losers. 

The following penny stocks are likely to be in focus on Tuesday, July 18, 2023:     

Dangee Dums: The stock displayed a strong breakout in both price and volume, rallying and getting locked at 20% upper circuit, reaching an intraday high of Rs 14.10 per share on the NSE. This surge in price was accompanied by a significant rise in trading volume. Dangee Dums Ltd is engaged in the business of manufacturing and trading of bakery & confectionery products. 

FCS Software Solutions: Exhibiting a robust breakout in both price and volume, the stock surged more than 20%, to trade at an intraday high of Rs 2.80 per share on the NSE. This remarkable price surge was accompanied by a notable increase in trading volume. FCS Software Solutions is an IT company based in Noida established in 1993. It provides services in IT consulting, IT Infra management, IT-enabled services and learning solutions.  

Surana Solar: The stock zoomed more than 13%, propelling its intraday trading price to reach a peak of Rs 24.60 per share on the NSE. This surge in price coincided with a noticeable uptick in trading volume. Surana Solar Limited is a part of the Surana Group, Hyderabad. It is engaged in the business of manufacturing solar photovoltaic modules, generation of wind & solar power energy and trading of other solar related products. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.