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Penny Stocks To Watch On Monday- January 15, 2024

In today’s trading session, both the Sensex and Nifty closed on a positive note, with the Sensex up by 1.18% and the Nifty50 up by 1.14%.

The Nifty IT and Nifty PSU Index emerged as winners among the sectors, whereas the Nifty Media Index and Nifty Healthcare Index concluded the session in the red in the sectoral landscape.

The following penny stocks are likely to be in focus on Monday, January 15, 2024:

CNI Research Limited

CNI Research Ltd is engaged in the business of equity research, content creation, and financial advisory. The company conducts qualitative research for both the domestic and global investor community.

The stock underwent a substantial surge in its stock price, zooming by 19.76%, indicating strong momentum in both price and volume. The stock hit the upper circuit limit for the last two days, including today, and finally closed at Rs 4 per share. On the BSE, there was a significant spurt in volumes, more than 7.55 times its average volumes.

FCS Software Solutions Limited

FCS Software Solutions is an IT company based in Noida established in 1993. It provides services in IT consulting, IT infrastructure management, IT-enabled services, and learning solutions.

The counter experienced a notable increase in buying interest as the scrip zoomed by 9.87% and concluded the day at Rs 4.90 per share on BSE. Moreover, it further hit an upper circuit price limit of 10% today, where no sellers were available to sell, leading to disappointment for buyers.

Ansal Housing Limited

Ansal Housing designs builds, and markets residential and commercial complexes. The company is in the business of promoting, constructing, developing, and selling integrated townships, and residential and commercial complexes. They also engage in the development of integrated townships and high-end, luxury residential projects.

Read: Top Performing – Real Estate Stocks

The stock experienced a substantial surge in its stock price, with the stock zooming by 9.62%, also hitting an upper circuit limit of 10%, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 12 per share on the BSE and finally concluded at Rs 11.96 per share.

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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