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HomeStocksPenny Stocks To Watch On Friday - March 01, 2024

Penny Stocks To Watch On Friday – March 01, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.27s% and the Nifty-50 Index up 0.14%. At the same time, the Nifty Mid-cap Index increased by 0.64%, whereas the Nifty Small-cap Index, finished the session up 0.51%.

Nifty Metals Index and Nifty PSU Bank Index emerged as the winners among the sectors, whereas the Nifty Healthcare Index and Nifty Media Index encountered losses in the sectoral landscape.

At the individual stock level, Adani Enterprises, Adani Ports and IndusInd Bank were the top gainers, while Apollo Hospitals, Bajaj Auto and Eicher Motors were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, March 01, 2024:

Paras Petrofils Limited 

The stock experienced a substantial surge in its stock price, with the stock 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 & fresh 52-week high of Rs 3.15 per share on the NSE. Paras Petrofils Ltd, established in 1991, is a company encompassing various aspects of the textile industry, including spinning, weaving, manufacturing, and trading of various fabrics and yarns like nylon, polyester, cotton, and wool.

Jaiprakash Power Ventures 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 18.20 on the NSE. Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity.

Rajnandini Metal 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 12.30 per share on the NSE. Incorporated in 2010, Rajnandini Metal Ltd in the business of manufacturing, trading, and dealing in high-grade Copper Continuous Casting Rods and copper wires.

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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