During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 1.11% and the Nifty-50 Index down 0.99%. While the Nifty Mid-cap Index decreased by 0.35%, whereas the Nifty Small-cap Index, finished the session up 0.31%.
Nifty Media Index and Nifty PSU Bank Index emerged as the winners among the sectors, whereas the Nifty FMCG Index and NSE Consumer Durables encountered losses in the sectoral landscape.
At the individual stock level Tata Motors, BPCL and Eicher Motors merged as prominent gainers, while Bajaj Finance, Ultratech Cement and Titan Company registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Wednesday, January 31, 2024:
Bhandari Hosiery Exports 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 8.95 per share on the NSE. Bhandari Hosiery Exports Ltd is a part of the Bhandari group. It is a fully integrated textile company which specializes in circular knitted manufacturing. BHEL is engaged in design, development, knitting, dyeing, finishing, garments and provides fashion supplies for retailers and brands worldwide.
Atal Realtech 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 15.40 on the NSE. Incorporated in 2012, Atal Realtech Limited is in the business of civil construction and government contracting. The company provides integrated contracting and sub-contracting services for civil and industrial construction, engineering and complete infrastructure project management.
B.A.G Films and Media 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 12.60 per share on NSE. The stock’s 52-week high is Rs 15.40 and its 52-week low is Rs 3.50. Incorporated in 1993, B.A.G. Films and Media Ltd is in the business of content production, distribution and allied activities.
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.