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HomeStocksPenny Stocks To Watch On Monday- February 12, 2024

Penny Stocks To Watch On Monday- February 12, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.23% and the Nifty-50 Index down 0.30%. While the Nifty Mid-cap Index decreased by 0.89%, whereas the Nifty Small-cap Index, finished the session down 1.40%.

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

At the individual stock level State Bank of India, Apollo Hospitals and ICICI Bank merged as prominent gainers, while Mahindra & Mahindra, Bharti Airtel and NTPC registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday, February 12, 2024:

Future Enterprises 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 6.30 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.

TV Vision 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 and a fresh 52-week high of Rs 6.30 on the NSE. Incorporated in 2007, TV Vision Ltd is engaged in the television channel broadcasting business.

Eastern Silk Industries 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 3.15 per share on the NSE.  Eastern Silks Ltd, established in 1946, specializes in creating a spectrum of textile and allied products, ranging from basic yarns to premium and fashionable fabrics.

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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