The BSE Sensex gained by 0.78% on Thursday. The BSE SmallCap index was up by 0.87% in the Thursday trading session. Overall, on BSE there were at least 492 stocks that were locked in the upper circuit in the Thursday trading session. Several penny stocks were seen outperforming the markets even as few of them were seen locked in the upper circuit.
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Following are the stocks that should be on your watchlist for Friday:
The shares of Inflame Appliances, JCT, BCG, Yasho industries, Latent View, Tata Tele, Lyka Lab, R Systems International, RIIL, Marshall Machines, and Trident were seen locked in the upper circuit on Thursday. These stocks will be in focus on Friday.
The shares of GSK Pharma, Adani transmission, and Adani Green were seen trading at fresh 52-week highs on Thursday trading session. These large-cap trending shares will be in focus on Friday.
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The shares of Prakash Steelage were seen locked in the upper circuit on Thursday. The shares of Prakash Steelage are trading at a five-year high. At the current price of Rs 4.7 per share, the share is available at a PE of 1.63. The shares of Prakash Steelage are witnessing good volumes with price rise. The buying interest in the counter can be attributed to the improvement in the financial trend. The shares of Prakash Steelage will be in focus on Friday.
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Aegis Logistics, Coffee Day Enterprises, Welspun Corp, La Opala RG, Prestige Estate, and Laurus Lab are some of the trending BSE 500 index constituents that saw a price volume breakout in the Thursday trading session.
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The shares of Jindal Stainless (Hisar) jumped higher by ~4 % on Thursday. The shares managed to close above its short-term 9D SMA average and close to its 20D SMA. A bullish engulfing candlestick chart pattern was formed in the Thursday trading session. The shares of Jindal Stainless (Hisar) will be in focus on Friday.
The shares of A2Z infra and engineering are locked in the upper circuit on Thursday. The shares of A2Z infra are locked in the upper circuit on the third consecutive trading session. The stock is down by nearly 14 % from its 52-week highs of Rs 7.15 per share. A2Z infra shares will be in focus on Friday.
The shares of Ador Welding jumped higher by more than 8 % on Thursday. A bullish engulfing pattern was formed on Thursday even as the stock closed above its short-term moving average of 9D SMA and 20D SMA on Thursday. The shares of Ador Welding will be in focus on Friday.
The shares of Aegis Logistics and Nilkamal saw a bullish moving average crossover on Thursday. These two shares will be watched carefully by the investors and the momentum traders in the Friday trading session.
The shares of JCT gained by ~5 % on Thursday. The stock is up by more than 36 % in one month alone while in one year the stock is up by 474 %. JCT is turning out to be a textile multibagger penny stock as the technical point towards strong price momentum. The stock is trading at a multiyear high and is expected to attract buyers as it trades higher after trading above the resistance levels.
