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HomeStocksPenny Stocks To Watch Out For Tomorrow- November 21, 2023

Penny Stocks To Watch Out For Tomorrow- November 21, 2023

The trading day concluded with a downtrend for both the Sensex and Nifty, marking declines of 0.21% and 0.19%, respectively. In contrast, the broader indices showed a mixed performance, with the Nifty Midcap closing higher by 0.11% and the Nifty Smallcap closing lower by 0.07%.

Significant sectoral movements highlighted Nifty IT, Nifty PSU Bank, and Nifty Pharma as the top gainers, showcasing resilience in the face of market challenges. Conversely, Nifty Auto, Nifty Media, and Nifty Metal encountered headwinds, placing them among the top losers.

Examining individual stock performances, Divi’s Laboratories, Bharti Airtel, and HCL Technologies emerged as the top gainers, demonstrating strength in a challenging market environment. On the flip side, M&M, Bajaj Finance, and Adani Enterprises found themselves among the leading losers within the Nifty 50.

Despite the mixed performance in benchmark indices, the broader market sentiment remains positive, with approximately 949 advancing stocks compared to 1089 declining ones.

The following penny stocks are likely to be in focus on Tuesday, November 21, 2023: 

Akshar Spintex

Heavy buying was witnessed in the counter as the scrip zoomed and got locked at 5 per cent upper circuit, recording an intraday high of Rs 28.45 per share on NSE. The scrip witnessed massive spurt in volume. Akshar Spintex Ltd does manufacturing and trading of spun cotton yarn.

ARSS Infrastructure Projects

The scrip experienced significant buying activity, resulting in the stock surging and getting locked at 5 per cent upper circuit, reaching an intraday high of Rs 23.95 per share on NSE. ARSS Infrastructure Projects Ltd is in the business of project execution for various civil and infrastructure projects.

Country Club Hospitality & Holidays

A solid price volume breakout was seen at the counter today as the stock rallied and got locked at 5 per cent upper circuit to record an intraday high of Rs 9.90 per share on NSE. Country Club Hospitality & Holidays Ltd is in the business of sale of vacation ownership and other related services.

Here is the list of volume breakout penny stocks that witnessed heavy buying in today’s session (in NSE):

Penny Stock LTP (Rs) Gain (per cent)
Reliance Capital 11.7 4.93
MSP Steel & Power 22.45 4.91
Noida Toll Bridge Company 15.4 4.76
Norben Tea & Exports 11.2 4.67
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.
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