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HomeStocksPenny Stocks To Watch On Monday- January 29, 2024

Penny Stocks To Watch On Monday- January 29, 2024

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.51% and the Nifty-50 Index down 0.47%. While the Nifty Mid-cap Index decreased by 0.45%, whereas the Nifty Small-cap Index, finished the session up 0.50%.

Nifty Media Index and Nifty Realty Index emerged as the winners among the sectors, whereas the Nifty IT Index and NSE Healthcare Index encountered losses in the sectoral landscape.

At the individual stock level Bajaj Auto, Adani Ports and NTPC emerged as prominent gainers, while Tech Mahindra, Cipla and Bharti Airtel registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday, January 29, 2024:

STL Global 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 18.30 per share on the NSE. STL Global Ltd. manufactures and processes textiles. The Company produces knitted fabric, dyes and processes knitted fabric, and manufactures sewing thread.

Read: India’s Top 5 Textile Giants by Revenue!

Ishan International 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 5.25 on the NSE. Incorporated in 1995, Ishan International Limited is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems.

Celebrity Fashions 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 18.95 per share on NSE. The stock’s 52-week high is Rs 21.20 and its 52-week low is Rs 12. Established in 1988, Celebrity Fashions Ltd manufactures and exports all types of textile garments and clothing accessories to many multinational brands.

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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