DSIJ Mindshare

Amidst the turmoil gripping the broader markets, there shines a singular stock, steadfastly locked at its upper circuit limit of 10 per cent, marking its fourth consecutive upper circuit.

Agrawal's proposed investment of approx. Rs 71.78 crore for equity shares and convertible warrants underscores his bullish outlook on the company's growth trajectory. He is set to receive 7,62,500 equity shares and 7,62,500 convertible warrants at a price of Rs 470.70 per security.

By 9.15 am, the index stood at 71,626.14 signifying a gain of 30.65 points or 0.04 per cent over its previous closing. 

The following penny stocks are likely to be in focus on Monday, February 12, 2024

From a technical standpoint, the stock appears to be on the cusp of a significant multi-year breakout, poised around the pivotal level of Rs 374. Sustaining above this critical threshold is anticipated to catalyze a noteworthy breakthrough, marking the culmination of a 73-month long consolidation phase.