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HomeStocksPenny Stocks To Watch Out For Tomorrow- December 29, 2023

Penny Stocks To Watch Out For Tomorrow- December 29, 2023

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.52% and the Nifty-50 Index up 57%. While the Nifty Mid-cap Index increased by 0.56%, whereas the Nifty Small-cap Index, finished the session up 0.79%.

Nifty Oil & Gas Index and Nifty FMCG Index emerged as winners among the sectors, whereas the Nifty Consumer Durables Index and NSE IT Index encountered losses in the sectoral landscape.

At the individual stock level Coal India, NTPC, and Mahindra & Mahindra emerged as prominent gainers, while Adani Enterprises, Larsen & Toubro, and Adani Ports registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, December 29, 2023:

IND-Swift 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 18.60 per share on the NSE. Incorporated in 1995, Ind-Swift Laboratories Ltd is engaged in the manufacturing of active pharmaceutical ingredients, and advanced intermediates, and providing contract research and manufacturing services.

LGB Forge 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 13 per share on NSE. LGB Forge Limited was incorporated in 2008 and it is involved in the manufacturing of forged (range of hot, cold, and warm forgings) and machined components. It is a part of the LGB group, which includes L.G. Balakrishnan & Bros Limited.

Kridhan Infra 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 3.25 per share on the NSE. Kridhan Infra Ltd is a service provider in foundation engineering across construction and infrastructure sectors in India and South East Asia.

Read: Best Infrastructure Companies in India

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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