The Indian benchmark indices closed the session significantly higher. The BSE Sensex soared 0.92% to 64,958 level at the close. The Nifty 50 index climbed 0.94% to a level of 19,411.
With 2,452 shares rising on the BSE and 1,336 shares declining, the advance-decline ratio strongly remained in favour of advances. On the Sensex, Larsen & Toubro, Axis Bank and Power Grid Corporation of India were among the top gainers, whereas State Bank of India, Hindustan Unilever and Tata Motors were among the market draggers.
The following penny stocks are likely to be in focus on Tuesday, November 07, 2023:
Noida Toll Bridge Company Ltd
The company has been promoted by Infrastructure Leasing and Financial Services Ltd (IL&FS) as a special purpose vehicle (SPV) to develop, construct, operate, and maintain the DND Flyway on a Build, Own, Operate and Transfer (BOOT) basis. The stock witnessed a 20-fold surge in volume and traded at a 52-week high of Rs 10.02 on the BSE.
IL&FS Investment Managers Ltd
The company is a domestic private equity fund management firm specializing in investment banking, asset management, and infrastructure financing. Its shares surged by over 13% today, reaching a new 52-week high on the BSE.
Haria Apparels Ltd
Established in 2011, this company engages in the production and export of a diverse range of products, such as ready-made clothing, uniforms, athletic sportswear, industrial fabrics, home furnishings, and accessories. The shares have garnered heightened buying interest, causing them to hit the 10% upper circuit, trading at Rs 4.85 per share on the BSE.
Nihar Info Global Ltd
The company conducts business activities related to research and development, design, manufacturing, and trading of computer software and hardware, while also providing consultancy services in the software development field. The company’s shares concluded the trading session with a 9% gain, reaching Rs 6 per share on the BSE.
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.