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HomeStocksPenny Stocks To Watch on 03rd October 2023

Penny Stocks To Watch on 03rd October 2023

On September 29, 2023, the Indian stock market rebounded, recovering some of the losses incurred the previous day. The positive momentum was primarily driven by a notable upswing in the metal and pharmaceutical sectors, although the technology sector witnessed declines, limiting the overall market gains.

Both the Sensex and Nifty indices concluded the trading session in the green, recording gains of 0.49% and 0.59%, respectively. This upward trajectory extended to the broader market indices, with the Nifty Midcap experiencing a substantial surge of 1.08%, while the Nifty Smallcap also closed higher, posting a commendable gain of 0.99%.

Top Gainers in the Nifty 50 Index:

  • Hindalco
  • NTPC
  • Hero Motocorp

Top Losers in the Nifty 50 Index

  • Adani Enterprises
  • LTIMindtree
  • HCL Tech

Now, let’s take a closer look at the penny stocks likely to be in focus on Tuesday, October 03, 2023:

  1. DCM Financial Services: This company recently witnessed a robust price and volume breakout, resulting in the stock being locked at a 5% upper circuit. It reached an intraday high of Rs 4.35 per share on the NSE. DCM Financial Services Ltd specializes in financing operations such as inter-corporate deposits and investments.
  2. Ansal Properties & Infrastructure: This stock experienced a significant surge in buying interest, surging and getting locked at a 5% upper circuit. It reached an intraday high of Rs 15.05 per share on the NSE, accompanied by a noteworthy rise in trading volume. Ansal Properties and Infrastructure Ltd. is primarily involved in real estate development across residential, commercial, and retail segments.
  3. Diamond Power Infrastructure: The stock underwent a substantial surge in its stock price, zooming and getting locked at a 5% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 34.20 per share on the NSE. Diamond Power Infrastructure Limited is engaged in the business of manufacturing transmission and distribution of power products and services in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. 
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