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HomeStocksPenny Stocks To Watch On Tuesday - April 09, 2024

Penny Stocks To Watch On Tuesday – April 09, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.03% and the Nifty-50 Index up 0.01%. At the same time, the Nifty Mid-cap Index increased by 0.56%, whereas the Nifty Small-cap Index, finished the session up 0.84%.

Nifty Realty Index and Nifty Private Bank Index emerged as the winners among the sectors, whereas the Nifty Information Technology Index and NSE Media Index encountered loss in the sectoral landscape.

At the individual stock level, Eicher Motors, Mahindra & Mahindra and Maruti Suzuki India were the top gainers, while Adani Ports, Nestle India and Apollo Hospitals were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, April 09, 2024:

Kritika Wires 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 15.75 per share on the NSE. Incorporated in 2004, Kritika Wires Ltd manufactures, exports and supplies a wide range of industrial steel wires and galvanised wires. KWL is a professionally managed company of Jai Hanuman Group.

Sanco Industries 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 5.25 on the NSE. Sanco Industries Limited is an India-based company that manufactures polyvinyl chloride (PVC) products, including conduit pipes, profiles, wires, and cables. The company was established in 1986 and has manufacturing facilities across India.

Nagreeka Capital & Infrastructure 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 19 per share on the NSE. Incorporated in 1994, Nagreeka Capital & Infrastructure Ltd is engaged in the business of trading in shares and securities, derivatives etc. The company is registered under the Reserve Bank of India as a Non-Deposit, Non-Banking Financial Corporation.

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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