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HomeStocksPenny Stocks To Watch On Monday – May 13, 2024

Penny Stocks To Watch On Monday – May 13, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.36% and the Nifty-50 Index up 0.44%. At the same time, the Nifty Mid-cap Index increased 0.86%, whereas the Nifty Small-cap Index finished the session up 0.69%.

Nifty Oil & Gas Index and NSE Metals emerged as the winners among the sectors, whereas the Nifty Information Technology Index and Nifty Realty Index encountered losses in the sectoral landscape.

At the individual stock level, BPCL, Power Grid Corporation of India and NTPC were the top gainers, while Tata Consultancy Services, Cipla and LTI Mindtree were the top losers on the Nifty 50 index. 

The following penny stocks are likely to be in focus on Monday, May 13, 2024:     

TGB Banquets And Hotels Limited

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 16.10 on the NSE. Incorporated in 1999, TGB Banquets and Hotels Ltd is into the provision of Restaurants; banquets and hotel services. TGB operates a hotel in Ahmedabad and provides outside catering services and operates restaurants & food courts. At present, TGB’s economy hotel brand, TGB Express, is operational in Ahmedabad and Nadiad.

Viji Finance Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 5% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 3.55 per share on the NSE. Viji Finance Ltd, a non-banking financial company founded in 1994, offers financial services including working capital loans to businesses, primarily unsecured and based on the promoter’s familiarity with the borrower.

Globe Textiles (India) 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 3.55 per share on the NSE. Established in 1995, Globe Textiles (India) Ltd is a leading exporter of fabrics and garments, operating a unit in a Special Economic Zone. They source, manufacture, and trade a wide variety of textile and apparel products and services, encompassing the entire process from raw fibers to finished fashion items.

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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