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HomeStocksPenny Stocks To Watch Out For Tomorrow- December 5, 2023

Penny Stocks To Watch Out For Tomorrow- December 5, 2023

During Monday’s trading session, the key market indices concluded the day on a positive note. The Sensex exhibited a 2.05% gain, closing at its record high of 68,918, while the Nifty recorded a 2.07% increase, reaching its all-time high of 20,702. The broader indices also performed well, with the Nifty Midcap closing 1.24% higher and the Nifty Smallcap closing 1.39% higher.

Prominent gainers in the session included Nifty PSU Bank, Nifty Bank, and Nifty Financial Services, while Nifty Pharma and Nifty Media exhibited weaker performance.

Among individual stocks, Eicher Motors, Adani Enterprises, and Adani Ports led the gainers, while HDFC Life, Britannia, and Wipro were among the top losers in the Nifty 50.

Taking a broader market perspective, it’s noteworthy that 1370 stocks advanced, outnumbering the 663 stocks in decline, indicating an overall positive sentiment in the market.

The following penny stocks are likely to be in focus on Tuesday, December 05, 2023:

Country Club Hospitality & Holidays

The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 20% upper circuit, reaching an intraday high of Rs 11.70 per share on the NSE. Country Club Hospitality & Holidays Ltd is in the business of sale of vacation ownership and other related services.

Narmada Agrobase

This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 20% upper circuit, reaching an intraday high of Rs 25.25 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. Narmada Agrobase Ltd manufactures and sells cotton seed and cattle feed.

Essar Shipping

The stock underwent a substantial surge in its stock price, zooming and getting locked at a 20% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 20.80 per share on the NSE. Essar Shipping is mainly engaged in fleet operating and chartering activities and operates international and coastal voyages.

Read: A Deep Dive into India’s Shipping Industry

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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