Penny stocks: Stocks likely to be in focus tomorrow!
Ganga Pharmaceuticals Ltd, Landmark Property Development Company Ltd, and Kay Power and Paper Ltd garnered investor attention by emerging as some of the top gainers on the BSE.
Indian benchmark indices ended Friday's trading session on a strong note, benefiting from substantial gains in the metals, utilities, power, and telecommunications sectors. With 2,124 shares rising on the BSE and 1,554 shares declining, the advance-decline ratio strongly remained in favour of advances. The BSE Sensex surged 0.86 per cent to 65,387 level at the close. The Nifty 50 index soared 0.94 per cent to a level of 19,435.
The following Penny Stocks are likely to be in focus on Monday, September 04, 2023:
Ganga Pharmaceuticals Ltd - Shares of the pharmaceutical company experienced significant buying interest, causing them to hit a 20 per cent upper circuit after reaching a 52-week low in a recent trading session. The company is engaged in the manufacturing and trading of Ayurvedic pharmaceuticals and related products.
Landmark Property Development Company Ltd - The shares reached a 20 per cent upper circuit, positioning the stock as one of the leading gainers on the BSE, while also experiencing a notable increase in trading volume. The company is engaged in real estate development and the execution of commercial projects.
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Kay Power and Paper Ltd - The shares experienced a notable surge, soaring more than 16 per cent to touch an intraday high of Rs 8.40 per share on the BSE. The primary focus of the company revolves around the production of kraft paper. Their product portfolio encompasses kraft paper, paper bags, handmade paper, and they also operate a power plant.
Disclaimer: The article is for informational purposes only and not investment advice.