During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.51% and the Nifty-50 Index up 0.50%. While the Nifty Mid-cap Index increasing by 1.63%, whereas the Nifty Small-cap Index, finished the session up 1.69%.
Nifty Media Index and Nifty PSU Bank Index emerged as winners among the sectors, whereas Nifty Auto Index encountered losses in the sectoral landscape.
At the individual stock level Power Grid Corporation, BCPL and Britannia Industries emerged as prominent gainers, while Bajaj Auto, Bajaj Finserv and Axis Bank registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Friday, December 22, 2023:
FCS Software Solutions Limited
The FCS Software Solutions Ltd stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 4.40 per share on the NSE. FCS Software Solutions is an IT company based in Noida established in 1993. It provides services in IT consulting, IT infra management, IT-enabled services, and Learning solutions.
Prakash Steelage 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 & 52-week high of Rs 8.45 per share on the NSE. Incorporated in 1996, Prakash Steelage Ltd is a manufacturer and exporter of stainless steel, welded pipes & tubes.
Jet Freight Logistics 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 12.60 per share on NSE. The stock’s 52-week high is Rs 22.70 and its 52-week low is Rs 9.20. Jet Freight Logistics Limited provides logistics services such as freight forwarding services, along with custom clearance service majorly for perishable cargo through air, ocean and land transport.
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.