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HomeStocksPenny Stocks To Watch On Monday - February 26, 2024

Penny Stocks To Watch On Monday – February 26, 2024

During the most recent market session, both the Sensex and Nifty closed on a flattish note, with the Sensex Index down 0.02% and the Nifty-50 Index down 0.02%. At the same time, the Nifty Mid-cap Index increased by 0.31%, whereas the Nifty Small-cap Index, finished the session up 0.38%.

Nifty Realty Index and Nifty Consumer Durables Index emerged as the winners among the sectors, whereas the Nifty PSU Bank Index and Nifty Oil & Gas Index encountered losses in the sectoral landscape.

At the individual stock level, Bajaj FinServ, SBI Life and LTI Mindtree were the top gainers, while BPCL, HCL Technologies and Maruti Suzuki were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday, February 26, 2024:

Transwarranty Finance 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 11.45 per share on the NSE. TFL has had strong business associations with large corporates and over 500 SME / MSMEs for 25+ years. It deals in trade finance, debt & equity & structured deals. The company has lending focused on niche social impact and Fintech segments with advisory business services for trade finance to investment banking.

Sadbhav Infrastructure Project 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 7.45 on the NSE. Incorporated in 2007, Sadbhav Infrastructure Project Ltd deals in build operate and transfer (bot)/ annuity projects and their related activities.

IL&FS Transportation Networks 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 5.30 per share on the NSE. Show drafts. Established in 2000, IL&FS Transportation Networks Ltd, a subsidiary of Infrastructure Leasing and Financial Services, specializes in developing, operating, and maintaining surface transportation infrastructure across India, with a presence in metro rail, city bus services, and border checkpoints.

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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