Indian headline indices concluded the trading session considerably lower. The BSE Sensex fell 0.28% to 65,794 level at the close. The Nifty 50 index declined 0.17% to a level of 19,731. With 1,996 shares rising on the BSE and 1,736 shares declining, the advance-decline ratio remained in favour of advances. On the Sensex, Larsen & Toubro, Hindustan Unilever, and Asian Paints were among the top gainers, whereas State Bank of India, Axis Bank, and Bajaj Finance were among the market draggers.
The following penny stocks are likely to be in focus on Monday, November 20, 2023:
Premier Capital Services Ltd
The company is primarily involved in activities related to investing, buying, selling, transferring, and disposing of various financial instruments such as shares, stocks, securities, bonds, certificates, properties, and debentures. The company’s shares experienced a five-fold surge in trading volume, concluding the session with a remarkable 12% gain.
Jet Infraventure Ltd
The company operates in the property construction and development sector, undertaking projects in Maharashtra and Gujarat. It has successfully completed numerous residential and commercial projects under its own banner, as well as in collaboration with associate companies. The company’s shares garnered increased buying interest, reaching the 10% upper circuit.
Steel Exchange India Ltd
Steel Exchange India Ltd is involved in the manufacturing and sale of steel and related products, along with power generation. Shares of the company witnessed a gain of over 9%, reaching an intraday high of Rs 9.49 per share on the BSE.
Tricom Fruit Products Ltd
The company operates in the business of processing, packaging, and exporting processed fruit in the forms of puree, puree concentrate, and frozen clear juice concentrate. Its shares experienced a surge of over 7% and are currently trading at Rs 1.19 per share, with a 52-week high of Rs 2.04 on the BSE.
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.