During Tuesday’s trading session, key indices wrapped up the day on an optimistic note. The Sensex experienced a 0.63% upswing, reaching an unprecedented high of 69,381.31, while the Nifty closed 0.81% higher, achieving a record level at 20,864.05. Broad market indices also posted positive results, with Nifty Midcap witnessing a 0.47% gain and Nifty Smallcap closing 0.11% higher.
Leading the gainers were Nifty Energy, Nifty Metal, and Nifty PSU Bank, while Nifty Media, Nifty IT, and Nifty Realty lagged as underperformers.
Among individual stocks, Adani Enterprises, Adani Ports, and Power Grid emerged as the top performers, while LTIMindtree, HCL Technologies, and Divi’s Laboratories found themselves among the leading losers in the Nifty 50.
The following penny stocks are likely to be in focus on Wednesday, December 06, 2023:
Eros International Media
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 25.25 per share on the NSE. Eros International Media Ltd is in the business of film production, exploitation, and distribution.
Ansal Properties & Infrastructure
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 10.80 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. Ansal Properties and Infrastructure is engaged in the business of real estate development in residential, commercial, and retail segments.
Aakash Exploration Services
The stock underwent a substantial surge in its stock price, zooming and getting locked at a 10% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 8.10 per share on the NSE. Aakash Exploration Services Limited provides services to oil and gas fields.
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.