During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.93% and the Nifty-50 Index down 0.91%. While the Nifty Mid-cap Index decreased by 1.06%, whereas the Nifty Small-cap Index, finished the session down 0.62%.
Nifty Realty Index and Nifty Media Index emerged as winners among the sectors, whereas the Nifty Private Bank Index and NSE PSU Bank Index encountered losses in the sectoral landscape.
At the individual stock level Adani Ports Ltd, ONGC and NTPC emerged as prominent gainers, while Mahindra & Mahindra, State Bank of India and Tech Mahindra registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Tuesday, January 09, 2024:
Integra Essentia Limited
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 11.70 per share on the NSE. Incorporated in 2007, Integra Essentia Ltd is in the business of Life Essentials viz., food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for renewable energy equipment and projects).
KBC Global Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 10% upper circuit, reaching an intraday high of Rs 2.50 per share on NSE. The stock’s 52-week high is Rs 4.20 and its 52-week low is Rs 1.20. Incorporated in 2007, KBC Global Ltd is in the business of real estate construction, development, civil contracts (EPC) and related activities.
Akshar Spintex 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 4.80 per share on the NSE. The company has announced bonus shares. Incorporated in 2013, Akshar Spintex Ltd does manufacturing and trading of spun cotton yarn.
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.