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Penny Stocks To Watch On Friday – March 15, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.46% and the Nifty-50 Index up 0.68%. At the same time, the Nifty Mid-cap Index increased by 2.02%, whereas the Nifty Small-cap Index, finished the session up 3.45%.

Nifty Oil & Gas Index and Nifty Metals Index emerged as the winners among the sectors, whereas the Nifty Bank Index and Nifty Private Bank Index encountered losses in the sectoral landscape.

At the individual stock level, Adani Enterprises, Adani Ports and Hindalco Industries were the top gainers, while Axis Bank, IndusInd Bank and Bajaj Finance were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, March 15, 2024:

SecUR Credentials Limited 

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 19.85 per share on the NSE. SecUR Credentials Ltd is India’s first and only listed, employee background check company. Supported by state-of-the-art technology, our services have been integrated into HR systems for over 1,000 large companies across sectors.

Read: A Detailed Step-by-Step Guide to Investing in Penny Stocks

Silly Monks Entertainment 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 15.55 on the NSE. Incorporated in 2013, Silly Monks Entertainment Ltd works in the fields of digital content publishing, content production, content distribution, syndication, marketing, and as a strategic consulting company. Silly Monks is the 1st Entertainment Company in south India covering all four states and has the largest YouTube Multi-Channel Network with a strong footprint in the food community, wellness community, movie production, short films, etc.

MIRC Electronics 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 19.75 per share on the NSE. MIRC Electronics Limited was established in 1981 and promoted by Mr Gulu. L. Mirchandani and Mr Vijay. J. Mansukhani has had an established presence for over 3 decades. The company’s goal was to manufacture television sets which transformed into a complete consumer durable company with a wide product portfolio.

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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