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HomeStocksPenny Stocks To Watch Out For Tomorrow- December 19, 2023

Penny Stocks To Watch Out For Tomorrow- December 19, 2023

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.24% and the Nifty-50 Index down 0.18%. While, the Nifty Mid-cap Index increased by 0.22%, whereas the Nifty Small-cap Index, finished the session up by 0.56%.

Nifty Media Index and Nifty Healthcare Index emerged as winners among the sectors, whereas Nifty Bank Index and Nifty Realty encountered losses in the sectoral landscape.

At the individual stock level Bajaj Auto, Hindalco Industries and Sun Pharmaceuticals emerged as prominent gainers, while Power Grid Corporation of India, ITC and Tech Mahindra registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday, December 19, 2023:

Akshar Spintex Limited 

The stock underwent a substantial surge in its stock price, zooming by 10% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 7.45 per share on the NSE. Akshar Spintex Limited is an India-based company, which is principally engaged in the business of manufacturing and trading of spun cotton yarn.

Vikas Ecotech Limited 

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at the 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 3.50 per share on the NSE. Established in 1984, Vikas Ecotech Limited is primarily engaged in the business of manufacturing speciality chemicals focused on additives and speciality polymer compounds.

Goyal Aluminium Limited 

The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 5% upper circuit, reaching an intraday high of Rs 9.65 per share on NSE. The stock’s 52-week high is Rs 47.45 and its 52-week low is Rs 7.20. Goyal Aluminium Limited provides metal trading services. The Company offers aluminium sheets, coils, sections, grills, and other aluminium products, as well as provides cotton fabrics, printing machines, glass, and other products. Goyal Aluminium serves the automobile, aluminium, printing, manufacturing, and clothing industries in India.

Read: Power Of The 52-Week Money Challenge

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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