During the latter part of the session, Indian headline indices experienced a steep decline, with the metals, power, and utilities sectors bearing the brunt of the damage. The BSE Midcap index closed the session with a 0.35% decrease, while the BSE Smallcap index reversed its gains to end with marginal losses.
With 1,641 shares rising on the BSE and 2,003 shares declining, the advance-decline ratio remained in favour of declines.On the Sensex, Sun Pharmaceutical Industries, Bajaj Finserv and Reliance Industries were among the top gainers, whereas Asian Paints, Tata Steel and Nestle India were among the market draggers.
The following penny stocks are likely to be in focus on Thursday, November 02, 2023:
Anjani Finance Ltd
It is a non-banking finance company (NBFC) engaged in investment and loan-related activities. Its shares have attracted buying interest and surged by around 17%, reaching an intraday high of Rs 10 per share.
Retro Green Revolution Ltd
The company is involved in agriculture-based service industry activities. Its shares have surged by more than 13% in an otherwise sluggish market, reaching an intraday high of Rs 9.50 per share on the BSE.
Perfect-Octave Media Projects Ltd
The company operates in the TV broadcasting, music, entertainment, event management, and concert production business. Its shares experienced an eight-fold increase in trading volume and were locked at the 10% upper circuit. Currently, the shares are trading at Rs 1.98, with a 52-week high of Rs 2.54 on the BSE.
Prime Urban Development India Ltd
The company specializes in constructing luxury high-end residential communities, commercial spaces such as malls, shopping centers, office complexes, and independent villas. Additionally, it exports cotton yarn to various countries including Korea, Italy, Spain, Japan, Malaysia, China, Bangladesh and others. The company has also ventured into the design, manufacturing, and marketing of fashion apparel. Today, the company’s shares were locked at the 10% upper circuit.
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.