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HomeStocksPenny Stocks To Watch on 09th October 2023

Penny Stocks To Watch on 09th October 2023

Both the Sensex and Nifty wrapped up the trading session on a positive note, recording gains of 0.55%. Additionally, the Nifty Midcap segment exhibited strength, concluding with a 0.58% gain, while the Nifty Smallcap segment displayed remarkable performance, closing with a substantial 0.89% gain.

In terms of sectors, Nifty Realty, Nifty Financial Services, and Nifty Pharma emerged as the top performers, while Nifty Media remained relatively unchanged throughout the day. Among individual stocks within the Nifty 50 index, Bajaj Finserv, Bajaj Finance, and Titan stood out as the top gainers, while Hindustan Unilever, Coal India, and ONGC faced declines.

The broader market sentiment remained positive, with approximately 1313 stocks advancing compared to 708 stocks declining, indicating an overall optimistic sentiment in the market.

The following penny stocks are likely to be in focus on Monday, October 09, 2023:     

Accuracy Shipping

The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 5% upper circuit, reaching an intraday high of Rs 8.50 per share on the NSE. Accuracy Shipping Ltd is involved in providing third-party logistics solutions and offers customized and end-to-end logistics solutions and services including transportation distribution, freight forwarding, clearing and forwarding services, custom house clearance, warehousing, and value-added services.

Read: The Indian Logistics Sector Stocks

AKI India

This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 5% upper circuit, reaching an intraday high of Rs 12.8 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. AKI Ltd manufactures and exports leather and leather goods. 

Beardsell

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 38.70 per share on the NSE. Beardsell Limited is a prominent manufacturer and supplier of expanded polystyrene products, popularly known as thermocol and prefabricated buildings.

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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