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HomeStocksPenny Stocks To Watch On Thursday - April 25, 2024

Penny Stocks To Watch On Thursday – April 25, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.16% and the Nifty-50 Index up 0.15%. At the same time, the Nifty Mid-cap Index increased 0.76%, whereas the Nifty Small-cap Index, finished the session up 0.36%.

Nifty Metals Index and Nifty Healthcare Index emerged as the winners among the sectors, whereas the Nifty Information Technology Index and Nifty Media Index encountered loss in the sectoral landscape.

At the individual stock level, Hindalco Industries, Cipla and Tata Steel were the top gainers, while Tata Consumer, Bajaj Auto and Tech Mahindra were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Thursday, April 25, 2024:

FCS Software Solutions Limited

The stock experienced a substantial surge in FCS Software Solutions share 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 4.30 per share on the NSE. FCS Software Solutions is an IT company based in Noida established in 1993. It provides services in IT consulting, IT infra management, IT-enabled services, and learning solutions. The company also leases immovable property including IT infrastructural property.

Vikas Lifecare 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 5.60 on the NSE. Incorporated in 1995, Vikas Lifecare Ltd is under four business segments: trading base polymers, additives and chemicals meant for plastic processing, commodity compounds, environmental protection and FMCG & healthcare which can be further divided into different major segments which include smart product business, polymer & chemical business, FMCG segment, infra products, food grade piping system for Jal Jeevan Mission.

MEP Infrastructure Developers Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit, reaching an intraday high & fresh 52-week high of Rs 8.65 per share on the NSE. Incorporated in 2002, MEP Infra Developers Ltd is in the business of collection of tolls and construction of roads along with other ancillary activities viz. road repairs and maintenance of flyovers, roads and allied structures.

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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