Penny Stocks: Stocks likely to be in focus tomorrow!
The following penny stocks are likely to be in focus on Monday, September 18, 2023
On Friday, the Sensex concluded with a 0.47 per cent gain, achieving a new record high of 67,927, while the Nifty also finished with a 0.44 per cent increase, reaching a fresh all-time high of 20,222.
In terms of market segments, the Nifty Midcap experienced a modest uptick of 0.28 per cent, whereas the Nifty Smallcap demonstrated impressive strength, surging by 0.41 per cent.
Prominent gainers included Nifty Auto, Nifty IT, and Nifty Pharma, while Nifty FMCG, Nifty Energy, and Nifty Realty were among the leading decliners. In the Nifty 50 index, notable advancers featured Bajaj Auto, Bharti Airtel, and M&M, while BPCL, Asian Paints, and Hindustan Unilever posted losses.
An assessment of market sentiment reveals that approximately 1052 stocks advanced, surpassing the 945 stocks that declined, indicating an overall positive sentiment in the broader market.
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The following Penny Stocks are likely to be in focus on Monday, September 18, 2023:
Brightcom Group- Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 17.50 per share on NSE. The scrip witnessed massive spurt in volume. Brightcom Group Ltd offers digital marketing solutions to businesses, agencies and online publishers worldwide.
Tirupati Forge - The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 11.20 per share on NSE. The company manufactures mass quantity carbon steel forged flanges, forged components and other automotive components.
Indbank Merchant Banking Services- A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 4.45 per share on NSE. Indbank Merchant Banking Services Ltd is engaged in merchant banking, stock broking, depository participant and allied activities.
Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):
|
Penny Stock
|
LTP (Rs)
|
Gain (per cent)
|
|
Alps Industries
|
2.40
|
4.35
|
|
Kridhan Infra
|
2.6
|
4.
|
|
Impex Ferro Tech
|
3.45
|
4.55
|
|
Future Retail
|
3.65
|
4.29
|
Disclaimer: The article is for informational purposes only and not investment advice.