Market Overview
In a trading session marked by mixed performance, the Sensex and Nifty concluded the day with marginal declines of 0.44% and 0.47%, respectively. Additionally, the Nifty Midcap witnessed a substantial drop of 1.38%, while the Nifty Smallcap dipped by 1.25%.
In terms of sectoral performance, Nifty IT and Nifty FMCG emerged as the top performers, while Nifty PSU Bank, Nifty Realty, and Nifty Media faced notable losses.
Among the individual stocks within the Nifty 50 index, Adani Enterprises, Nestle India, and Hindustan Unilever stood out as notable gainers, while Axis Bank, SBIN, and NTPC experienced significant declines.
The following penny stocks are likely to be in focus on October 05, 2023:
Diligent Media Corporation
This stock witnessed a surge in buying interest, with the share price surging and hitting a 10% upper circuit. It reached an intraday high of Rs 4 per share on the NSE. Diligent Media Corporation Ltd is involved in the printing and publication of newspapers, magazines, books, inserts, and annual reports.
3P Land Holdings
The stock experienced a substantial surge in its stock price, locking at a 10% upper circuit, indicating a robust breakout in both price and volume. It achieved an impressive intraday high of Rs 27.70 per share on the NSE. 3P Land Holdings Ltd is engaged in lending, investment activities, and real estate leasing.
Diamond Power Infrastructure
The company witnessed a strong price and volume breakout, resulting in the stock locking at a 10% upper circuit. It reached an intraday high of Rs 39.45 per share on the NSE. Diamond Power Infrastructure Limited is involved in the manufacturing of power transmission and distribution products and services in India.
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.
