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HomeStocksPenny Stocks To Watch On Tuesday - April 2, 2024

Penny Stocks To Watch On Tuesday – April 2, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.49% and the Nifty-50 Index up 0.61%. At the same time, the Nifty Mid-cap Index increased 1.74%, whereas the Nifty Small-cap Index, finished the session up 3.26%.

Nifty Realty Bank Index and Nifty Media Index emerged as the winners among the sectors, whereas the Nifty Auto Index and NSE Fast Moving Consumer Goods encountered loss in the sectoral landscape.

At the individual stock level, JSW Steel Ltd, Tata Steel Ltd and Adani Ports Ltd were the top gainers, while Eicher Motors Ltd, Titan Company Ltd and Nestle India Ltd were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, April 02, 2024:

Nila Spaces 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 & 52-week high of Rs 6.10 per share on the NSE. Established in 1990, Nila Infrastructures Ltd. is a real estate and infrastructural development company that undertakes various projects including EPC/turnkey affordable housing schemes for government authorities, residential real estate developments ranging from affordable flats to premium apartments, and leases prime commercial property in Ahmedabad.

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

Vikas Ecotech 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 4 on the NSE. Established in 1984, Vikas Ecotech Limited is primarily engaged in the business of manufacturing speciality chemicals focused on additives and speciality polymer compounds.

Future Consumer Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 10% upper circuit, reaching an intraday high of Rs 0.80 per share on the NSE. Incorporated in 1996, Future Consumer Ltd is in the business of sourcing, manufacturing, branding, marketing and distribution of FMCG, food and processed food products.

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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