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HomeStocksPenny Stocks To Watch On Friday - February 16, 2024

Penny Stocks To Watch On Friday – February 16, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.32% and the Nifty-50 Index up 0.32%. At the same time, the Nifty Mid-cap Index increased by 1.01%, whereas the Nifty Small-cap Index, finished the session up 1.32%.

Nifty Oil & Gas Index and Nifty PSU Bank Index emerged as the winners among the sectors, whereas the Nifty FMCG Index and NSE Healthcare Index encountered losses in the sectoral landscape.

At the individual stock level Mahindra & Mahindra, Power Grid Corporation, and Bharat Petroleum Corporation Ltd merged as prominent gainers, while Axis Bank, ITC, and Apollo Hospitals registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, February 16, 2024:

Landmark Property Development Company Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 10.70 per share on the NSE. Established in 1976, Landmark Property Development Company Ltd, formerly a mining arm of the Dalmia Group, has transitioned to focus on real estate development, offering advisory and consultancy services alongside sales of land, plots, flats, and even undertaking township development projects across India.

Read:- Top Performing – Real Estate Stocks

California Software Company Limited

The stock underwent a substantial surge in its stock price, zooming by 5% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 18.90 on the NSE. Established in 1992, California Software Ltd is engaged in the business of software development, implementation, support, validation and testing.

Radaan Mediaworks India Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit, reaching an intraday high of Rs 10.65 per share on the NSE. Incorporated in 1998, Radaan Mediaworks India Limited is a media and entertainment company engaged in the production of TV / digital content/feature films, conducting shows/events, etc.

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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