In Tuesday’s trading session, benchmark indices concluded the day with the Sensex and Nifty closing higher by 0.42% and 0.45%, respectively. However, broader indices exhibited a mixed performance, with Nifty Midcap closing higher by 0.06% and Nifty Smallcap closing lower by 0.11%.
Notable sectoral movements highlight Nifty Metal, Nifty Realty, and Nifty Media as the top gainers, while Nifty PSU Bank, Nifty FMCG, and Nifty IT are among the top losers.
Leading the gainers among individual stocks are SBI Life, HDFC Life, and Adani Enterprises, while Coal India, ONGC, and BPCL find themselves among the top losing stocks within the Nifty 50.
The broader market sentiment remains positive, with around 1086 advancing stocks compared to 928 declining stocks, indicating an optimistic trend in the broader market.
The following penny stocks are likely to be in focus on Wednesday, November 22, 2023:
A2Z Infra Engineering
The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 5% upper circuit, reaching an intraday high of Rs 11.20 per share on the NSE. A2Z Infra Engineering Ltd provides maintenance and engineering services.
This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 10% upper circuit, reaching an intraday high of Rs 25.95 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. AKG Exim Ltd in the business of metals scrap, rice, spices & dry fruits.
The stock underwent a substantial surge in its stock price, zooming and getting locked at a 5% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 7 per share on the NSE. Akshar Spintex Ltd does manufacturing and trading of spun cotton yarn.
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.