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Penny Stocks To Watch On Monday – April 15, 2024

On Friday, the trading session concluded with Benchmark indices recording significant declines. Sensex fell by 1.06%, closing at 74,244.90, while Nifty dropped by 1.03%, closing at 22,519.40.

Similarly, the broader market witnessed negative performance, with Nifty Mid-cap closing moderately lower by 0.62% and Nifty Small-cap plummeting by 0.62%.

All major sectors underperformed, with Nifty Pharma, Nifty PSU Bank, Nifty Media, and Nifty FMCG among the top losing sectors.

Furthermore, advancing stocks numbered 630, while declining stocks stood at 1,485, signaling a negative sentiment prevailing in the broader market.

The following penny stocks are likely to be in focus on Monday, April 15, 2024: 

Blue Chip India Ltd: 

Today, shares of Blue Chip India Ltd continued their trend of consistently reaching the upper circuit, closing at a 2% gain at Rs 3.05 per share on the BSE. The company is in the business of providing loan.

Burnpur Cement Ltd:

Burnpur Cement Ltd witnessed an eight-fold surge in trading volume as its shares hit the 10% upper circuit, closing at Rs 7.35 per share on the BSE. Incorporated in 1986, Burnpur Cement Ltd is in the business of Cement manufacturing.

DCM Financial Services Ltd: 

Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5% upper circuit, recording an intraday high of Rs 5.60 per share on BSE. The company deals in Financing Operations viz., inter-corporate deposits and investments.

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

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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