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Penny Stocks To Watch On Thursday – February 29, 2024

Today’s trading session witnessed a notable downturn in domestic indices, primarily driven by substantial losses in the utilities, power, energy, and auto sectors. However, the BSE Information Technology and BSE Consumer Durables indices remained relatively unaffected, experiencing minimal impacts compared to other sectors.

The following penny stocks are likely to be in focus on Thursday, February 29, 2024:

Navoday Enterprises Ltd

Navoday Enterprises Ltd witnessed its shares climb by more than 8% amidst a generally subdued market environment, reaching an intraday high of Rs 9 per share on the BSE. The company operates within the realm of media services and consulting, offering a comprehensive suite of services including outdoor, print, ground events/activations, and digital marketing. Additionally, it specializes in managing various types of events such as commercial, corporate, cultural, and small brand promotion events for its clientele.

Sunraj Diamond Exports Ltd

Sunraj Diamond Exports Ltd experienced a surge in trading volume, leading its shares to hit the 5% upper circuit at Rs 9.24 on the BSE. This came after experiencing consecutive lower circuits in the preceding trading sessions. The company specializes in the manufacturing, trading, and exporting of gold jewelry, cut, and polished diamonds, as well as silver items.

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

Biogen Pharmachem Industries Ltd

Shares of Biogen Pharmachem Industries Ltd maintained their strong uptrend, consistently hitting the upper circuit, reflecting strong investor confidence. Today, shares reached an intraday high of Rs 1.26, marking a 5% gain. The company primarily engages in trading shares and securities in both present and future markets.

TPI India Ltd

Shares of TPI India Ltd surged to a 5% upper circuit, reaching a new 52-week high of Rs 8.62 per share on the BSE. TPI India, headquartered in Mumbai, has been catering to industrial packaging needs for more than three decades. It has been a pioneer in introducing FIBCs and Kraft Lined (Reinforced Paper Bags) in India’s packaging industry.

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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