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Penny Stocks To Watch On Monday – December 4, 2023

Friday’s trading session ended positively with the Sensex rising by 0.74%, and the Nifty 50 reaching a new all-time high of 20,291 before finishing up by 0.67%. The broader market reflected this optimism, as the Nifty Midcap recorded a gain of 1.06%, while the Nifty Smallcap increased by 0.44%.

Nifty Media, Nifty PSU Bank, and Nifty FMCG stood out as notable gainers in the sectoral landscape, while Nifty Auto was the only major sector that lagged behind in performance. ITC, Axis Bank, and NTPC led the charts as the top gainers among individual stocks, while Hero Motocorp, M&M, and Wipro experienced losses, securing positions among the top losers in the Nifty 50.

The following penny stocks are likely to be in focus on Monday, December 04, 2023:

SecUR Credentials

The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 20% upper circuit, reaching an intraday high of Rs 23.25 per share on the NSE. SecUR Credentials Ltd is India’s first and only listed, employee background checks companies.

Burnpur Cement

This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 5% upper circuit, reaching an intraday high of Rs 7.75 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. Burnpur Cement Ltd is in the business of Cement manufacturing.

Read: Unlocking Cement Stocks in India

Country Condo’s

The stock underwent a substantial surge in its stock price, zooming and getting locked at a 5% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 5.65 per share on the NSE. Country Condos Ltd is in the business of sale of plots under real estate segment.

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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