During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.62% and the Nifty-50 Index up 0.73%. While the Nifty Mid-cap Index increased by 0.37%, whereas the Nifty Small-cap Index, finished the session up 0.93%.
Nifty Pharma Index and Nifty Oil & Gas Bank Index emerged as the winners among the sectors, whereas the Nifty Private Bank Index and NSE Bank Index encountered losses in the sectoral landscape.
At the individual stock level BCPL, Power Grid Corporation and ONGC merged as prominent gainers, while Eicher Motors Ltd, Axis Bank and HDFC Bank registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Monday, February 05, 2024:
FCS Software Solutions 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 and a 52-week high of Rs 6.35 per share on the NSE. FCS Software Solutions is an IT company based in Noida established in 1993. It provides services in IT consulting, IT Infra management, IT-enabled services, and Learning solutions.
Sarveshwar Foods 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 of Rs 8.10 on the NSE. Sarveshwar Foods Limited, incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading, and export of Basmati rice, which is a long grain rice with a fine texture.
Nila Infrastructures Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit, reaching an intraday high of Rs 11.55 per share on NSE. The stock’s 52-week high is Rs 11.85 and its 52-week low is Rs 4.40. Nila Infrastructures Limited incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The Company is involved in the construction of Affordable Housing Projects, and the development of various infrastructures. The company has its presence mostly in Gujarat and Rajasthan.
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.