During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.44% and the Nifty-50 Index up 0.50%. While the Nifty Mid-cap Index increased by 0.73%, whereas the Nifty Small-cap Index, finished the session up 1.08%.
Nifty Auto Index and Nifty Realty Index emerged as winners among the sectors, whereas the Nifty Bank Index and NSE PSU Bank Index encountered losses in the sectoral landscape.
At the individual stock level Wipro Ltd, HCL Tech, and Bajaj Auto emerged as prominent gainers, while HDFC Bank, SBIN, and ICICI Bank registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Tuesday, December 26, 2023:
Shah Metacorp Ltd
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 4.60 per share on the NSE. Incorporated in 1999, Shah Metacorp Ltd manufactures and sells a diverse range of SS products.
Jet Freight Logistics Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 10% upper circuit, reaching an intraday high of Rs 13.40 per share on NSE. The stock’s 52-week high is Rs 22.70 and its 52-week low is Rs 9.20. Jet Freight Logistics Limited provides logistics services such as freight forwarding services, along with custom clearance services mainly for perishable cargo through air, ocean and land transport.
Heads Up Ventures 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 15.05 per share on the NSE. The company’s integrated operations include designing, development, production, marketing, and distribution. It used to be an official licensee manufacturing brand for Being Human Clothing.
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.