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HomeStocksPenny Stocks To Watch On Tuesday - February 27, 2024

Penny Stocks To Watch On Tuesday – February 27, 2024

During the most recent market session, both the Sensex and Nifty closed on a flattish note, with the Sensex Index down 0.48% and the Nifty-50 Index down 0.041%. At the same time, the Nifty Mid-cap Index decreased by 0.60%, whereas the Nifty Small-cap Index, finished the session down 0.26%.

Nifty Realty Index and Nifty Oil & Gas Index emerged as the winners among the sectors, whereas the Nifty Information Technology Bank Index and Nifty Metals Index encountered losses in the sectoral landscape.

At the individual stock level, Larsen & Toubro, Power Grid Corporation and Adani Enterprises were the top gainers, while Asian Paints, Apollo Hospitals and Tech Mahindra were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, February 27, 2024:

Globe Textiles (India) 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 4.20 per share on the NSE. Founded in 1995, Globe Textiles (India) Ltd is a leading exporter of textiles and garments, offering a complete range of products and services from raw materials to finished apparel.

Read: India’s Top 5 Textile Giants by Revenue!

Tijaria Polypipes 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 & fresh 52-week high of Rs 9.55 on the NSE. Established in 1982, Tijaria Polypipes Ltd is a manufacturer of high-quality plastic pipes, including HDPE, PVC, MDPE, and LDPE varieties, used for irrigation, telecommunication, industrial, infrastructure, and housing applications, all under their brand names Tijaria and Vikas.

A2Z Infra Engineering 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 15.95 per share on the NSE. Established in 2002, A2Z Infra Engineering Ltd, part of the A2Z Group, offers maintenance and engineering services, specializing in Power Transmission & Distribution and Telecom Infrastructure Development projects within the Engineering Procurement & Construction (EPC) sector for Infrastructure projects.

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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