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HomeStocksPenny Stocks To Watch Out On Wednesday - February 07, 2024

Penny Stocks To Watch Out On Wednesday – February 07, 2024

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.63% and the Nifty-50 Index down 0.72%. While the Nifty Mid-cap Index increased by 1.19%, whereas the Nifty Small-cap Index, finished the session up 0.79%.

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

At the individual stock level BPCL, HDFC Life and HCL Technologies merged as prominent gainers, while Power Grid Corporation, IndusInd Bank and ITC registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Wednesday, February 07, 2024:

Sarveshwar Foods 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 9.70 per share 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.

Read: Top Profitable FMCG Companies in India

GTL Infrastructure 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 2.10 on the NSE. Incorporated in 2004, GTL Infrastructure is in the business of providing shared passive telecom infrastructure in India.

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 and a fresh new 52-week high of Rs 12.70 per share on NSE. Incorporated in 1986, 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. The company bagged an order from Ahmedabad Municipal Corporation.

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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