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HomeStocksPenny Stocks To Watch On Friday- May 03 , 2024

Penny Stocks To Watch On Friday- May 03 , 2024

Subtitle – At the individual stock level, BPCL, Power Grid and Asian Paints were the top gainers, while Kotak Mahindra Bank, Bharti Airtel and Axis Bank were the top losers on the Nifty 50 index.

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.17% and the Nifty-50 Index up 0.19%. At the same time, the Nifty Mid-cap Index increased 0.49%, whereas the Nifty Small-cap Index, finished the session up 0.04%.

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

At the individual stock level, BPCL, Power Grid Corporation and Asian Paints were the top gainers, while Kotak Mahindra Bank, Bharti Airtel and Axis Bank were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, May 03, 2024:

Supreme Engineering 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 of Rs 1.05 per share on the NSE. Supreme Engineering Ltd, founded in 1987, manufactures a wide range of steel products including superalloys, tool steels, wires, and bars for industries like aerospace, defence, power generation, and hand tools.

KBC Global 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 2.10 on the NSE. Incorporated in 2007, KBC Global Ltd is in the business of real estate construction, development, civil contracts (EPC) and related activities. The company is a part of Karda Group. It is involved in the development of residential and commercial real estate projects.

Future Consumer 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 0.95 per share on the NSE. Incorporated in 1996, Future Consumer Ltd is in the business of sourcing, manufacturing, branding, marketing and distribution of FMCG, food and processed food products. FCL is a part of the Future Group and operates as a food company.

Read:- Top Profitable FMCG Companies in India

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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