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HomeStocksPenny Stocks To Watch On Monday - April 29, 2024

Penny Stocks To Watch On Monday – April 29, 2024

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.82% and the Nifty-50 Index down 0.67%. At the same time, the Nifty Mid-cap Index increased 0.56%, whereas the Nifty Small-cap Index, finished the session up 0.79%.

Nifty Media Index and Nifty Consumer Durables Index emerged as the winners among the sectors, whereas the Nifty Financial Services Index and Nifty Bank Index encountered loss in the sectoral landscape.

At the individual stock level, Tech Mahindra, Divi’s Laboratories and LTI Mindtree were the top gainers, while Bajaj Finance, Bajaj FinServ and IndusInd Bank were the top losers on the Nifty 50 index.

The Following Penny Stocks are Likely To Be In Focus On Monday, April 29, 2024:

Shah Metacorp 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 3.75 per share on the NSE. Incorporated in 1999, Shah Metacorp Ltd manufactures and sells a diverse range of SS products. The company is a manufacturer, exporter and supplier of stainless steel long products viz. stainless steel bars, and mild steel.

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.

Gayatri Highways 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 1.05 per share on the NSE. Incorporated in 2006, Gayatri Highways Ltd is in the business of construction and investment. GHL is a core investment company promoted by Gayatri Projects Ltd, Hyderabad-based infrastructure company.

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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