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Penny Stocks To Watch On Wednesday – April 10, 2024

Following a robust surge to new record highs in the early trading hours, Indian domestic indices retraced some gains to conclude the trading session with modest declines. Consumer durables, energy, oil & gas, and FMCG sectors witnessed significant losses, while broader indices also experienced a notable downturn.

At 3:30 pm, the BSE Sensex edged down by 0.08% reaching a level of 74,683. The Nifty 50 index declined 0.10% to the 22,642 level. On the Sensex, ICICI Bank, Infosys and Bajaj Finserv were among the top gainers, whereas Titan, Reliance Industries and Asian Paints were among the market draggers.

The following penny stocks are likely to be in focus on Wednesday, April 10, 2024:

Navkar Urbanstructure Ltd

Today, shares of Navkar Urbanstructure Ltd continued their trend of consistently reaching the upper circuit, closing at a 10% gain at Rs 6.93 per share on the BSE. The company specializes in construction and infrastructure development projects, offering services such as ready-mix concrete and reinforced cement concrete pipes.

USG Tech Solutions Ltd

USG Tech Solutions share price witnessed an eight-fold surge in trading volume as its shares hit the 10% upper circuit, closing at Rs 9.90 per share on the BSE. The company specializes in providing IT solutions and managing complex software projects. Its services cater to various industries such as retail, aviation, health, and banking, encompassing payment processing, point-of-sale systems, and reward and loyalty programs, among others.

Ekam Leasing & Finance Company Ltd

Amidst a generally dismal market, Ekam Leasing & Finance Company Ltd experienced a surge in buying interest, leading its shares to hit the 10% upper circuit, closing at Rs 5.74 per share on the BSE. The company operates as a non-systemically important non-deposit taking non-banking financial company (NBFC). The company’s main operations revolve around the financing and leasing sectors.

Read: Role of NBFC-Microfinance in bridging the credit gap for Entrepreneurs in India

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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