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HomeStocksPenny stocks to watch on Wednesday- May 22, 2024

Penny stocks to watch on Wednesday- May 22, 2024

During the most recent market session, both the Sensex and Nifty closed on a mixed note, with the Sensex Index down 0.07% and the Nifty-50 Index up 0.12%. At the same time, the Nifty Mid-cap Index increased 0.38%, whereas the Nifty Small-cap Index, finished the session down 0.41%.

Nifty Metals Index and NSE PSU Bank emerged as the winners among the sectors, whereas the Nifty Private Bank Index and Nifty Financial Services Index encountered a loss in the sectoral landscape.

At the individual stock level, Hindalco Industries, Coal India and Tata Steel were the top gainers, while Nestle India, Maruti Suzuki India and ICICI Bank were the top losers on the Nifty 50 index.

The following penny stocks are likely to be in focus on Wednesday, May 22, 2024:

Noida Toll Bridge Company 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 9.45 on the NSE. Incorporated in 1996, Noida Toll Bridge Company Ltd is set up to develop, establish, construct, operate and maintain a project relating to the construction of the Delhi Noida Toll Bridge.

Surana Telecom And Power 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 17.90 per share on the NSE. Incorporated in 1984, Surana Telecom and Power Ltd does manufacturing and trading of solar-related products, generation of solar power and wind power. The company is a part of Surana Group. It was manufacturing petro products such as petroleum jelly and telecom products.

Read: The Indian Telecom Bill Powers Digital Growth

Yaari Digital Integrated 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 9.45 per share on the NSE. Incorporated in 2007, Yaari Digital Integrated Services Ltd is in the business of digital platforms and providing e-commerce services. The company launched a social commerce marketplace Yaari, which enables small businesses and individual resellers to start their business online via social channels such as WhatsApp, Facebook, Instagram etc. It is a social commerce marketplace for a bouquet of curated consumer products.

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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