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HomeStocksPenny Stocks To Watch Out On Friday - February 09, 2024

Penny Stocks To Watch Out On Friday – February 09, 2024

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 1% and the Nifty-50 Index down 0.97%. While the Nifty Mid-cap Index decreased by 0.06%, whereas the Nifty Small-cap Index, finished the session down 0.39%.

Nifty Media Index and Nifty PSU Bank Index emerged as the winners among the sectors, whereas the Nifty Private Bank Index and NSE Private FMCG Index encountered losses in the sectoral landscape.

At the individual stock level State Bank of India, BPCL and Power Grid merged as prominent gainers, while Kotak Mahindra Bank, Britania and Axis Bank registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, February 09, 2024:

Vikas Ecotech Limited

The stock experienced a substantial surge in its stock price, with the stock 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 & fresh new 52-week high of Rs 5.30 per share on the NSE. Established in 1984, Vikas Ecotech Limited is primarily engaged in the business of manufacturing speciality chemicals focused on additives and speciality polymer compounds.

Sambhaav Media Limited

The stock underwent a substantial surge in its stock price, zooming by 10% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high and a fresh 52-week high of Rs 5.40 on the NSE. Incorporated in 1990, Sambhaav Media Ltd is in the business of media publishing and broadcasting.

Lypsa Gems & Jewellery Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 10% upper circuit, reaching an intraday high of Rs 7.50 per share on the NSE. Incorporated in 1995, Lypsa Gems and Jewellery Ltd has three core activities: Rough Preparation, Manufacturing and Polished Diamonds Marketing. It is based out of Mumbai with affiliates in Antwerp, Dubai and Moscow. Lypsa has its manufacturing facilities at Navsari and SurSez, Surat. It is one of the very few diamond companies to have listed on the Bombay Stock Exchange.

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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