Penny Stocks to Watch Out for Tomorrow, June 20, 2023

The Sensex concluded the day with a 0.34% decrease, while the Nifty experienced a 0.37% decline. On a positive note, Nifty Midcap 100 and Nifty Smallcap 100 recorded gains of 0.04% and 0.27% respectively. 

Among the gainers, Nifty PSU Bank, Nifty Pharma, and Nifty IT emerged as top performers. However, Nifty Media, Nifty Realty, and Nifty Energy faced losses. In terms of individual stocks, Bajaj Finserv, Bajaj Finance, and HDFC Life displayed strong gains, while Kotak Bank, Hero Motocorp, and Adani Enterprises encountered losses.  

The following penny stocks are likely to be in focus on Tuesday, June 20, 2023:     

Landmark Property Development Company-There was substantial buying activity observed in the stock, leading to the stock surging and getting at 20% upper circuit band, to trade at an intraday high of Rs 6.95 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Landmark Property Development Company is engaged in the business of real estate development and provides advisory and consultancy services to overseas investors from the year 2009 onwards.  

JHS Svendgaard Laboratories – The counter experienced a notable increase in buying interest as the scrip zoomed more than 12%, reaching an intraday high of Rs 21.90 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. JHS Svendgaard Laboratories Limited is engaged in manufacturing a range of oral and dental products for elite national and international brands.  

Rollatainers – The stock exhibited a powerful breakout both in terms of price and volume, as it rallied and hit the upper circuit limit of 20%, reaching an intraday high of Rs 1.80 per share on NSE. This surge in price was accompanied by a significant increase in trading volume. Rollatainers Ltd provides integrated packaging solution, with business in research, manufacturing and marketing of lined and mono cartons and packaging machines. 

Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.