The Indian frontline indices closed the session marginally lower. The BSE Sensex edged down by 0.03% to 64,942 level at the close. The Nifty 50 index edged down by 0.02% to a level of 19,406.
With 1,992 shares rising on the BSE and 1,688 shares declining, the advance-decline ratio remained in favour of advances. On the Sensex, Sun Pharmaceutical Industries, NTPC Ltd and State Bank of India were among the top gainers, whereas Bajaj Finance, JSW Steel and Reliance Industries were among the market draggers.
The following penny stocks are likely to be in focus on Wednesday, November 08, 2023:
FCS Software Solutions Ltd
The company is a leading IT firm specializing in IT and IT-enabled services. It boasts robust delivery capabilities across a spectrum of areas, including application development and maintenance, eLearning and digital content management, software testing and product development. The shares have experienced an impressive eightfold increase in trading volume, reaching a new 52-week high of Rs 3.45 per share on the BSE.
Creative Eye Ltd
The company is a production house operating in the media and entertainment sector, specializing in the creation of audio-visual TV content. Its shares have surged by more than 9% today, reaching an intraday high of Rs 3.95 per share on the BSE.
OTCO International Ltd
The company specializes in providing IT solutions and services, offering expertise in financial consulting, management consulting, and delivering enterprise solutions tailored for both the micro-finance and financial sectors. The shares concluded the trading session with a gain of over 6% today.
B.C. Power Controls Ltd
The company is involved in the manufacturing and trading of insulated cables, ferrous and non-ferrous metals. Shares of the company experienced an increase in buying interest, leading to a 5% rise, and ended the session at Rs 4.49 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.