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HomeStocksPenny Stocks To Watch On Wednesday - April 3, 2024

Penny Stocks To Watch On Wednesday – April 3, 2024

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.15% and the Nifty-50 Index down 0.05%. At the same time, the Nifty Mid-cap Index increased 1.16%, whereas the Nifty Small-cap Index, finished the session up 1.22%.

Nifty Consumer Durables Index and Nifty Media Index emerged as the winners among the sectors, whereas the Nifty Healthcare Index and NSE Financial Services Index encountered loss in the sectoral landscape.

At the individual stock level, Tata Consumer Products, Mahindra & Mahindra and Bajaj Auto were the top gainers, while Hero Motor Corp, Kotak Mahindra Bank and HCL Technologies were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Wednesday, April 03, 2024:

Excel Realty N Infra 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 of Rs 0.55 per share on the NSE. Incorporated in 2003, Excel Realty N Infra Limited (Formerly known as Excel Infoways Limited) is engaged in the development of infrastructure facilities, IT-enabled BPO services & general trading activities.

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

MT Educare 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 3.15 on the NSE. Founded in 1988, Mahesh Tutorials Ltd, a subsidiary of Zee Learn Ltd (Essel Group’s education arm), offers education and coaching services through a combination of physical centres, online content, and 24/7 support, with a network of 55 centres, 823 teachers, and 12,965 enrolled students.

Prakash Steelage 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 8.40 per share on the NSE. Incorporated in 1996, Prakash Steelage Ltd (PSL) manufactures and exports stainless steel tubes & pipes. PSL is an ISO 9001-2015, ISO 14001-2004, OHSAS 18001-2007, PED certified company and is a part of Prakash Group. It started its business by trading in stainless steel (SS) sheets, coils, plates and scrap

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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