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HomeStocksPenny Stocks To Watch On Wednesday - February 21, 2024

Penny Stocks To Watch On Wednesday – February 21, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.48% and the Nifty-50 Index up 0.34%. At the same time, the Nifty Mid-cap Index decreased by 0.13%, whereas the Nifty Small-cap Index, finished the session down 0.53%.

Nifty Financial Services Index and Nifty Media Index emerged as the winners among the sectors, whereas the Nifty Auto Index and Nifty Metals Index encountered losses in the sectoral landscape.

At the individual stock level, Power Grid Corporation of India, HDFC Bank and Axis Bank were the top gainers, while Bajaj Auto, Eicher Motors and Coal India were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Wednesday, February 21, 2024:

Nila Infrastructures 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 12.80 per share on the NSE. Nila Infrastructures Limited incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The company is involved in the construction of affordable housing projects, and the development of various infrastructure. The company has its presence mostly in Gujarat and Rajasthan.

Sarveshwar Foods 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 11.75 on the NSE. Sarveshwar Foods Limited, incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading and export of Basmati rice, which is a long grain rice with a fine texture.

Read: Top Profitable FMCG Companies in India

DCM Financial Services 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 5.35 per share on the NSE. Incorporated in 1991, DCM Financial Services Ltd (part of the DCM group) deals in Financing Operations viz., inter-corporate deposits and investment.

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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