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Penny Stocks To Watch On Wednesday – November 15, 2023

The Indian headline indices concluded the trading session with losses. The BSE Sensex declined 0.50% to 64,933 level at the close. The Nifty 50 index lost 0.42% to a level of 19,443.

With 1,732 shares rising on the BSE and 2,098 shares declining, the advance-decline ratio remained in favour of declines. On the Sensex, Mahindra and Mahindra, JSW Steel and NTPC Ltd were among the top gainers, whereas Bajaj Finance, Infosys and Tech Mahindra were among the market draggers.

The following penny stocks are likely to be in focus on Wednesday, November 15, 2023:

White Organic Agro Ltd

It’s a company exclusively focused on organic agriculture, offering a diverse range of over 250 organic products spanning 12 major categories and 17 subcategories. From cereals to pulses, grains to vegetables, fruits to health supplements, and skincare products to snacks, the company covers a broad spectrum. The shares experienced an eightfold surge in volume, reaching a 20% upper circuit at Rs 9.72 on the BSE.

Haria Exports Ltd

The company specializes in the manufacturing and export of textiles and fabrics. In an otherwise weak market, the shares attracted notable buying interest and ended the trading session 11% higher at Rs 5.29 on the BSE.

Sharpline Broadcast Ltd

The company operates in the news, music, serial, and other program sectors. Additionally, it functions as an advertising agency, offering advertisers a comprehensive range of advertising options across various mass media channels such as radio, television, newspapers, magazines, etc. Today, the company’s shares hit a 10% upper circuit limit.

Minaxi Textiles Ltd

The company specializes in suiting products, particularly fancy suiting fabrics. It has a business segment dedicated to supplying uniforms to government and semi-government departments through tenders. Today, shares of the company experienced a notable surge, climbing 10% to reach an intraday high of Rs 1.65 per share on the BSE.

Read: India’s Top 5 Textile Giants by Revenue!

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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