In today’s market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.98% and the Nifty-50 Index up 1.01%. While the Nifty Mid-cap Index increased by 1.83%, whereas the Nifty Small-cap Index, finished the session up 1.72%.
Nifty Media Index and Nifty Metals Index emerged as the winners among the sectors, whereas the Nifty Private Bank Index encountered losses in the sectoral landscape.
At the individual stock level Hindalco Industries, Dr Reddy and IndusInd Bank emerged as prominent gainers, while ICICI Bank, Axis Bank and Asian Paints registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Thursday, January 25, 2024:
Jet Freight Logistics 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 14.85 per share on the NSE. Jet Freight Logistics Limited provides logistics services such as freight forwarding services, along with customs clearance services majorly for perishable cargo through air, ocean, and land transport.
Landmark Property Development Company 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 10.70 on the NSE. Landmark Property Development Company Ltd is a part of Dalmia Group and used to be in the mining business but post demerger it is in the business of Real Estate Development and also provides advisory and consultancy services. It sells land, plots, flats, etc. and has done township development in different parts of India.
Future Consumer 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 1.05 per share on NSE. The stock’s 52-week high is Rs 1.35 and its 52-week low is Rs 0.40. Incorporated in 1996, Future Consumer Ltd is in the business of sourcing, manufacturing, branding, marketing and distribution of FMCG, food and processed food products.
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.