The Indian equity markets started the week off well on Monday. Both the Nifty 50 and the Sensex saw increases of 0.51 percent. Small- and mid-cap equities did worse than the general markets.
On January 24, 2023, attention will likely be focused on the following penny stocks:
GCM Capital Advisors – The counter today saw a strong price volume break-out. The stock increased by more than 9%, reaching a high of Rs 7.12 per share on the BSE. The corporation engages in the financing, selling, and investing of commercial papers and equity shares. The company is selling at about 0.35 times its book value and is almost debt-free.
Trescon – On the BSE, the stock reached an intraday high of Rs 17.2 per share as only buyers could be observed in the counter as it locked at a 10% upper circuit. In the previous three trading sessions, the stock’s rise exceeded 30%. The business carries out independent or joint ventures to provide services in the fields of construction, real estate, and related businesses.
Shares of Raasi Refractories’ firm on the NSE were frozen at a price range of at least Rs 9.04 per share. Refractory bricks and related items are produced and sold by the business.
The list of penny stocks with volume breakouts that saw significant buying during today’s session is as follows:
| Penny Stocks | LTP | Price Gain (%) | Volume Change (Times) |
| GCM Capital Advisors | 7.12 | 9.88 | 5 |
| Shree Global Tradefin | 9.11 | 8.58 | 4 |
| Sanwaria Consumer | 0.7 | 7.69 | 2 |
| Nivaka Fashions | 3.49 | 7.06 | 4 |
| Haria Exports | 5.8 | 5.45 | 3 |
