During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.68% and the Nifty-50 Index up 0.59%. While the Nifty Mid-cap Index increased by 0.34%, whereas the Nifty Small-cap Index, finished the session up 0.17%.
Nifty Private Bank Index and Nifty Bank Index emerged as the winners among the sectors, whereas the Nifty Metals Index and NSE Media Index encountered losses in the sectoral landscape.
At the individual stock level Coal India, UPL and Axis Bank merged as prominent gainers, while Hindalco Industries, Ultratech Cement and BPCL registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Wednesday, February 14, 2024:
SMVD Poly Pack 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 10.75 per share on the NSE. Incorporated in 2010, SMVD Polypack Ltd manufactures Plastic Products i.e. PP/ HDPE bags, FIBC, leno bags, etc.
Nagreeka Capital & Infrastructure 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 19.40 on the NSE. Incorporated in 1994, Nagreeka Capital & Infrastructure Ltd is engaged in the business of trading in shares and securities, derivatives etc.
Blue Coast Hotels Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit, reaching an intraday high & 52-week high of Rs 8.65 per share on the NSE. Incorporated in 1992, Blue Coast Hotels Limited is in the business of hospitality.
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.