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HomeStocksPenny Stocks To Watch On Monday - March 11, 2024

Penny Stocks To Watch On Monday – March 11, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.05% and the Nifty-50 Index up 0.09%. At the same time, the Nifty Mid-cap Index increased by 0.22%, whereas the Nifty Small-cap Index, finished the session up 0.85%.

Nifty Media Services Index and Nifty Metals Index emerged as the winners among the sectors, whereas the Nifty Oil & Gas Index and Nifty Private Bank Index encountered losses in the sectoral landscape.

At the individual stock level, Tata Consumer Products, Tata Steel and Tata Motors were the top gainers, while Mahindra & Mahindra, BPCL and Reliance Industries were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday – March 11, 2024:

Steel Exchange India 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 15.15 per share on the NSE. Incorporated in 1999, Steel Exchange India Ltd. is engaged in the manufacturing and sale of steel and related products and generation of power.

Norben Tea & Exports 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 18.65 on the NSE. Established in 1990, Norben Tea & Exports Limited not only grows and manufactures tea but also provides commission services and is a registered member of several key industry associations including the Tea Board, the Tea Association of India, the Calcutta Tea Traders Association, and the Siliguri Tea Auction Committee.

Adroit Infotech 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 18.65 per share on the NSE. Incorporated in 1990, Adroit Infotech Ltd is primarily engaged in the business of SAP Support Services. The company helps organizations to reduce costs and improve effectiveness and efficiency through internal process improvements using SAP products and solutions.

Read: A Detailed Step-by-Step Guide to Investing in Penny Stocks

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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