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HomeStocksPenny Stocks To Watch On Tuesday - March 26, 2024

Penny Stocks To Watch On Tuesday – March 26, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.26% and the Nifty-50 Index up 0.39%. At the same time, the Nifty Mid-cap Index increased 0.59%, whereas the Nifty Small-cap Index, finished the session up 0.64%.

Nifty Realty Index and Nifty Auto Index emerged as the winners among the sectors, whereas the Nifty Information Technology Index encountered losses in the sectoral landscape.

At the individual stock level, Hero Motorcorp, Maruti Suzuki India and Apollo Hospital were the top gainers, while LTI Mindtree, Infosys and Wipro were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, March 26, 2024:

Celebrity Fashions Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 17.40 per share on the NSE. Established in 1988, Celebrity Fashions Ltd manufactures and exports all types of textile garments and clothing accessories to many multinational brands.

Tecil Chemicals and Hydro Power 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 19.95 on the NSE. Incorporated in 1994, Tecil Chemicals and Hydro Power Ltd was engaged in the manufacturing of electro-chemical, electro-thermal furnace products and byproducts.

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

GTL 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 10.60 per share on the NSE. GTL Ltd, founded in 1987, is a telecom infrastructure services company that offers solutions and services to telecom operators, technology providers, and tower companies to address their network lifecycle needs.

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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