Following a period of stagnation in the initial half of the trading session, Indian frontline indices underwent a notable downturn in the latter half, ultimately closing the session on a lower note. The BSE Sensex declined 0.22% to 64,832 level at the close. The Nifty 50 index fell 0.25% to a level of 19,395.
With 1,656 shares rising on the BSE and 2,045 shares declining, the advance-decline ratio remained in favour of declines. On the Sensex, Mahindra & Mahindra, Power Grid Corporation of India and IndusInd Bank were among the top gainers, whereas Hindustan Unilever, Tech Mahindra and Infosys were among the market draggers.
The following penny stocks are likely to be in focus on Friday, November 10, 2023:
Smart Finsec Ltd
The non-banking finance company, specializing in small loans and investments in stocks, securities, and bonds, experienced a remarkable 17-fold increase in trading volume. The shares concluded the session with an impressive 16% gain, reaching Rs 8.52 per share on the BSE.
Omnipotent Industries Ltd
The company oversees the import and sale of bulk and packaged bitumen, along with other bituminous materials, offering comprehensive bitumen solutions to traders, importers, and manufacturing companies involved in road construction and manufacturing processes. Today, its shares saw an impressive 16-fold surge in volume, marking a notable 12% gain.
Burnpur Cement Ltd
The company ranks as one of the eastern region’s most distinguished and largest integrated cement companies. Strong buying interest propelled the shares to hit the 10% upper circuit, reaching Rs 6.39 per share on the BSE.
Tiaan Consumer Ltd
The company is in the business of manufacturing and selling Ayurveda-based products, including soaps, shampoos, body lotions, gels, face washes, and face creams. These are prepared from natural ingredients like extracts from medicinal plants such as Neem, Tulsi, Turmeric, etc. The shares soared over 9% today to touch an intraday high of Rs 3.23 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.