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HomeStocksPenny Stocks To Watch On Friday - April 26, 2024

Penny Stocks To Watch On Friday – April 26, 2024

The domestic indices ended the trading session significantly higher, as substantial gains in Axis Bank and State Bank of India attempted to offset the over 10% decline in Kotak Mahindra Bank’s shares. The market mood was buoyed by robust gains in metals, power, utilities, energy, and capital goods sectors.

At 3:30 pm, the BSE Sensex surged 0.66% reaching a level of 74,339. The Nifty 50 index climbed 0.75% to the 22,570 level. On the Sensex, Axis Bank, State Bank of India and JSW Steel were among the top gainers, whereas Kotak Mahindra Bank, Hindustan Unilever and Titan were among the market draggers.

The following penny stocks are likely to be in focus on Friday, April 26, 2024:

Flora Corporation Ltd

Flora Corporation Ltd experienced a six-fold surge in trading volume, leading to heightened buying interest and causing its shares to hit the 10% upper circuit at Rs 8.58 per share on the BSE. The company operates in the marine & fisheries products, scrap products, and dairy products sectors.

Carnation Industries Ltd

Shares of Carnation Industries Ltd continued its pattern of being locked at upper circuits, with today’s trading session seeing a 10% upper circuit at Rs 9.50 per share on the BSE. The company specializes in the manufacturing and export of grey iron and ductile castings, primarily catering to sanitary and water distribution applications.

Mid India Industries Ltd

Shares of Mid India Industries Ltd surged to a 10% upper circuit at Rs 9.84 per share on the BSE, edging closer to its previous 52-week high of Rs 11.27. The company, a textile enterprise, is involved in the lease, trading, and manufacturing of cotton and polyester yarn.

Kore Foods Ltd

Kore Foods Ltd saw a notable uptick today, with shares climbing around 9% to reach an intraday high of Rs 7.25 per share on the BSE. The company specializes in the manufacture of dry fruits in a variety of flavours, catering to both export and domestic markets. Additionally, it provides customized products tailored for 5-star hotels and other clients in the food and catering industry.

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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