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Penny Stocks To Watch On Monday – March 04, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 1.72% and the Nifty-50 Index up 1.62%. At the same time, the Nifty Mid-cap Index increased by 0.52%, whereas the Nifty Small-cap Index, finished the session up 0.94%.

Nifty Bank Index and Nifty Private Bank Index emerged as the winners among the sectors, whereas the Nifty Media Index and Nifty Healthcare Index encountered losses in the sectoral landscape.

At the individual stock level, Tata Steel Ltd, HDFC Bank and Power Gird Corporation Ltd were the top gainers, while Infosys, HCl Technologies Ltd and Sun Pharmaceuticals Ltd were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday, March 04, 2024:

Atal Realtech 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 & fresh 52-week high of Rs 17.45 per share on the NSE. The company provides integrated contracting and sub-contracting services for civil and industrial construction, engineering and complete infrastructure project management. The company is a registered contractor with the Government of Maharashtra Public Works Department in Class I-A and provides services.

Read:- Best Infrastructure Companies in India

Nila Infrastructures 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 12.75 on the NSE. Nila Infrastructures Limited incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The Company is involved in the construction of Affordable Housing Projects, and the development of various infrastructures. The company has its presence mostly in Gujarat and Rajasthan.

Bright Solar 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 10.75 per share on the NSE. Incorporated in 2010, Bright Solar Ltd is into assembling DC/AC solar pumps and solar pump systems, EPC contracts of solar photo voltaic water pumps, consulting of projects and tenders, water supply and sewerage infra project.

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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