During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index gaining 0.05% and Nifty-50 Index gaining 0.19%. Additionally, the Nifty Mid-cap Index experienced a modest increase of 0.86%, whereas the Nifty Small-cap Index exhibited significant growth, finishing the session up by 0.90%.
Nifty Realty Index and Nifty Healthcare Index emerged as winners among the sectors, whereas Nifty Financial Services Index and Nifty Bank Index encountered losses in the sectoral landscape.
At the individual stock level BPCL, Adani Ports and Asian Paints emerged as prominent gainers, while ICICI Bank, Infosys and Tech Mahindra registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Thursday, November 09, 2023:
North Eastern Carrying Corporation Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at 20% upper circuit, reaching an intraday high of Rs 29.85 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. The company announces conversion of partly paid-up equity shares into fully paid -up equity shares. North Eastern Carrying Corporation Ltd primarily provides freight transportation services to bulk and retail customers, particularly in the Full Truckload (FTL) segment, along with other services like warehousing and packing.
Hb Stockholdings Limited
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 67.10 per share on the NSE. Incorporated in 1985, HB Stockholdings Ltd provides investment in securities. The company announced stellar quarterly results (Q2FY24) which caused the sudden rise in stock price.
The company witnessed a robust price and volume breakout, resulting in the stock locked in 10%, reaching an intraday high of Rs 12.15 per share on the NSE. This price rally was backed by a substantial increase in trading volume. The company is mainly in the business of e-Governance and e-Governance products. The company’s e-Governance Business has developed a proven track record through the successful completion of several e-Governance Projects. The company to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year ended 30th September, 2023 on Thursday, 09th Day of November, 2023.
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.