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HomeStocksPenny Stocks To Watch On Thursday - April 18, 2024

Penny Stocks To Watch On Thursday – April 18, 2024

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.62% and the Nifty-50 Index down 0.56%. At the same time, the Nifty Mid-cap Index decreased by 0.09%, whereas the Nifty Small-cap Index, finished the session up 0.96%.

Nifty Oil & Gas Index emerged as the winner among the sectors, whereas the Nifty Media Index, NSE PSU Bank Index and NSE Financial Services Index encountered loss in the sectoral landscape.

At the individual stock level, Eicher Motors, Hindustan Unilever and Oil & Natural Gas Corporation were the top gainers, while Infosys, LTI Mindtree and IndusInd Bank were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Thursday, April 18, 2024:

Excel Realty N Infra 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 0.55 per share on the NSE. Incorporated in 2003, Excel Realty N Infra Limited (Formerly known as Excel Infoways Limited) is engaged in the development of Infrastructure facilities, IT-enabled BPO services & general trading activities.

Indiabulls Enterprises 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 12.25 on the NSE. Incorporated in 2019, Indiabulls Enterprises Ltd provides equipment renting services, management and maintenance services, financing and related activities. The company provides equipment renting, management maintenance and leasing of a range of construction, infrastructure, manufacturing and mineral handling equipment.

Paras Petrofils 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 3.15 per share on the NSE. Incorporated in 1991, Paras Petrofils Ltd was in the manufacturing of Nylon and Polyester Yarn, Trading of Fabric and Commission The company does business of spinners, weavers, manufacturers, ginners, pressers, packers, liners, cleaners, processors, doublers, combers, knitters, dyers, bleachers, calenderers, sellers, buyers, importers, exporters, mercerizes, distributors, barterers, shippers of industrial fabrics, synthetic yarns, synthetic filament yarn, synthetic fabrics, cotton, wool, silk, rayon, flex, hemp, twine of all kinds of whatsoever descriptions like art, nylon, polyester, acrylic, viscose, polypropylene, terylene linen, canvass and all other kinds of fibrous, materials or substances

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

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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