During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.24% and the Nifty-50 Index up 0.25%. While the Nifty Mid-cap Index increased by 0.18%, whereas the Nifty Small-cap Index, finished the session up 0.65%.
Nifty IT Index and Nifty Auto Index emerged as winners among the sectors, whereas the Nifty PSU Bank Index and NSE Healthcare Index encountered losses in the sectoral landscape.
At the individual stock level Adani Ports Ltd, Larsen & Toubro Ltd and Tata Consultancy Services Ltd emerged as prominent gainers, while JSW Steel Ltd, Nestle India Ltd and Kotak Mahindra Ltd registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Monday, January 08, 2024:
Yaari Digital Integrated Services Limited
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 12.75 per share on the NSE. Incorporated in 2007, Yaari Digital Integrated Services Ltd is in the business of digital platforms and providing e-commerce services. The company launched a social commerce marketplace Yaari, which enables small businesses and individual resellers to start their business online via social channels such as WhatsApp, Facebook, Instagram etc.
The stock underwent a substantial surge in its stock price, zooming by 10% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 16.90 per share on the NSE. GTL is a telecom infrastructure services company providing services and solutions to address the network life cycle requirements of telecom operators, technology providers (OEMs), and tower companies. The stock also made a new 52-week high of Rs 16.90 per share.
KBC Global Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 10% upper circuit, reaching an intraday high of Rs 2.30 per share on NSE. The stock’s 52-week high is Rs 11.65 and its 52-week low is Rs 5.30. Incorporated in 2007, KBC Global Ltd is in the business of real estate construction, development, civil contracts (EPC) and related activities
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.