Although the session commenced on a discouraging note, Indian benchmark indices concluded the day significantly higher. The BSE Sensex surged 0.47% to 65,982 level at the close. The Nifty 50 index gained 0.46% to a level of 19,765. The BSE Information Technology sector led the way as the best-performing sector, registering gains of over 2%, while consumer durables, real estate, and auto sectors also experienced notable rises.
With 2,035 shares rising on the BSE and 1,717 shares declining, the advance-decline ratio remained in favour of advances. On the Sensex, Tata Consultancy Services, HCL Technologies and Tech Mahindra were among the top gainers, whereas Axis Bank, Power Grid Corporation of India and ITC Ltd were among the market draggers.
The following penny stocks are likely to be in focus on Friday, November 17, 2023:
PMC Fincorp Ltd
It operates as a NBFC and is involved in various financial activities, including corporate and personal finance, debt syndication, private placement, distribution & marketing of financial products, and dealing & investment in the stock market. Its shares experienced a notable surge, reaching the upper circuit limit of 20% at Rs 2.88 per share.
B.C. Power Controls Ltd
The company is involved in the manufacturing and trading of insulated cables, ferrous and non-ferrous metals. The shares climbed more than 15%, reaching a new 52-week high of Rs 6.20 per share on the BSE.
Symbiox Investment & Trading Company
The company adeptly operates in the investment sector, engaging in the acquisition, holding, and trading of shares, stocks, debentures, bonds, and securities issued by companies, whether operating in India or elsewhere. Trading volume for the shares saw a seven-fold surge, concluding the session with a notable gain of over 12%.
Retro Green Revolution Ltd
The company is involved in agriculture-based service industry activities. The shares recorded an almost 8% surge, reaching an intraday high of Rs 9.99 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.