The stock gave multibagger returns of 565 per cent from its 52-week low of Rs 5.18 per share.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 368.36 points or 0.51 per cent.

India's largest public sector bank, the State Bank of India, also achieved a new 52-week high on Wednesday, reaching Rs 677.95, concluding the day higher by Rs 25 or 3.84 per cent. While the uptick could be attributed to Prime Minister Narendra Modi's remarks in the Rajya Sabha regarding PSUs, there's another facet to this narrative.

Over the preceding quarters, the company has demonstrated notable improvements in its business performance. This positive trajectory is largely attributable to the unwavering support extended by Tata Steel, encompassing substantial order placements and capital infusion

After rising nearly rising 500 per cent over the period of 12 months, shares of Servotech Power Systems Ltd are undergoing a correction and have hit the lower circuit for the second straight day.

The following penny stocks are likely to be in focus on Thursday, February 08, 2024

The stock gave multibagger returns of 300 per cent in just 1 year and of a whopping 2,400 per cent in 3 years.

Max pain at the end of today's trade for weekly expiry on February 8 stands at 21900.

The India VIX, which measures market volatility, has decreased by 1.74 per cent, indicating a marginal fall in market volatility.

The company has a market cap of over Rs 1,00,000 crore and has delivered good profit growth of 37 per cent CAGR over the last 5 years.