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HomeStocksPenny Stocks To Watch Out On Tuesday - February 06, 2024

Penny Stocks To Watch Out On Tuesday – February 06, 2024

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index up 0.49% and the Nifty-50 Index down 0.38%. While the Nifty Mid-cap Index decreased by 0.14%, whereas the Nifty Small-cap Index, finished the session up 0.26%.

Nifty Pharma Index and Nifty Healthcare Bank Index emerged as the winners among the sectors, whereas the Nifty Consumer Durables Index and NSE FMCG Index encountered losses in the sectoral landscape.

At the individual stock level Tata Motors, Coal India and BPCL merged as prominent gainers, while UPL, Bajaj Finance and Bharti Airtel registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, February 06, 2024:

Sanwaria Consumer 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 of Rs 0.60 per share on the NSE. Established in 1991, Sanwaria Consumer Ltd., a subsidiary of the Sanwaria Group, specializes in manufacturing and trading a diverse range of FMCG food products, including rice, edible oil, pulses, sugar, spices, and other staples.

Read: Top Profitable FMCG Companies in India

Jaiprakash Power Ventures Limited

The stock underwent a substantial surge in its stock price, zooming by 5% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high and a fresh 52-week high of Rs 19.95 on the NSE. Incorporated in 1994, Jaiprakash Power Venture Limited operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity.

Aksh Optifibre 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 12.80 per share on NSE. The stock’s 52-week high is Rs 15.85 and its 52-week low is Rs 8. Incorporated in 1986, Aksh Optifibre Ltd manufactures and sells optical fiber, optical fiber cable, fiber-reinforced plastic rods, impregnated glass roving reinforcement, and ophthalmic lenses. it also provides E-Governance and FTTH services.

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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