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HomeStocksPenny Stocks To Watch Out For Tomorrow- December 1, 2023

Penny Stocks To Watch Out For Tomorrow- December 1, 2023

On Thursday, the benchmark indices experienced a robust upward trend. The Sensex exhibited a 0.13% surge, while the Nifty concluded 0.18% higher. This positive momentum extended to broader indices, with the Nifty Midcap gaining 0.68% and the Nifty Smallcap closing with a 1.14% increase.

Within the sectors, Nifty Realty, Nifty Pharma, and Nifty FMCG emerged as the top performers, demonstrating notable gains. Conversely, Nifty PSU Bank, Nifty Bank, and Nifty IT faced losses during the session.

Examining individual stock performances, Ultratech Cement, HDFC Life, and Eicher Motors stood out as the leading gainers. On the flip side, Adani Enterprises, IndusInd Bank, and Adani Ports found themselves among the top losers within the Nifty 50.

Maintaining a positive overall sentiment, the broader market reflected 1038 advancing stocks in comparison to 995 declining stocks. This indicates an optimistic outlook for the broader market.

The following penny stocks are likely to be in focus on Friday, December 01, 2023:

Agni Green Power

The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 10% upper circuit, reaching an intraday high of Rs 25.40 per share on the NSE. Agni Green Power Ltd is in the business of execution of turn-key solar PV power plant projects.

Read: Salzer Electronics: Innovating Power Solutions for a brighter tomorrow

Akshar Spintex

This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 5% upper circuit, reaching an intraday high of Rs 7.20 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. Akshar Spintex Ltd does manufacturing and trading of spun cotton yarn.

Brightcom Group

The stock underwent a substantial surge in its stock price, zooming and getting locked at a 5% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 17 per share on the NSE. Brightcom Group Ltd offers digital marketing solutions to businesses, agencies, and online publishers worldwide.

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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