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Penny Stocks To Watch Out For Tomorrow, October 04, 2023

Tuesday’s trading session concluded with both the Sensex and Nifty experiencing a decline of 0.48% and 0.56%, respectively. However, there were pockets of resilience in the market, with the Nifty Midcap registering a slight uptick, closing higher by 0.18%, while the Nifty Smallcap recorded a moderate gain of 0.53%. 

Looking at sectoral performances, Nifty PSU Bank, Nifty Media, and Nifty Realty emerged as the top performers, displaying gains. On the flip side, Nifty Energy, Nifty Auto, and Nifty Pharma sectors witnessed declines. 

In the Nifty 50 index, notable gainers included Bajaj Finance, L&T and Titan, while ONGC, Eicher Motors, and Hindalco were among the prominent losers. 

The following penny stocks are likely to be in focus on Wednesday, October 04, 2023:     

DCM Financial Services: 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 4.55 per share on the NSE. DCM Financial Services Ltd deals in financing operations such as inter-corporate deposits and investments.  

HLV Limited: 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 22.40 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. HLV Ltd is primarily engaged in the business of owning, operating and managing hotels, palaces and resorts. 

Kaushalya Infrastructure Development Corporation: The stock underwent a substantial surge in its price, zooming and getting locked at a 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 7.60 per share on the NSE. Kaushalya Infrastructure Development Corporation Ltd is engaged in executing construction contracts relating to infrastructure, real estate developments, acquisition and development, and sale of land.  

 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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