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HomeStocksPenny Stocks To Watch Tomorrow – 27th September 2023

Penny Stocks To Watch Tomorrow – 27th September 2023

Sensex and Nifty experienced slight declines of 0.12% and 0.05%, respectively. Concurrently, Nifty Midcap ended the day with a 0.17% dip, whereas Nifty Smallcap displayed resilience, closing with a 0.57% gain. 

Sector-wise, Nifty FMCG, Nifty Auto, and Nifty Metal emerged as the top performers, whereas Nifty IT, Nifty Media, and Nifty PSU Bank incurred losses. 

Among the constituents of the Nifty 50 index, noteworthy gainers included Eicher Motors, Hero Moto Corp, and Nestle India. In contrast, IndusInd Bank, Cipla and Tech Mahindra led the decliners. 

Taking a broader view of market sentiment, approximately 951 stocks witnessed upward movement, while 1049 stocks faced declines, suggesting a relatively balanced sentiment in the broader market as the trading session concluded.

The Penny stocks are likely to be in focus on September 27, 2023:     

Williamson Magor & Company

The company witnessed a robust price and volume breakout, resulting in the stock getting locked at 20% upper circuit, reaching an intraday high of Rs 31.55 per share on the NSE. This price rally was backed by a substantial increase in trading volume. Williamson Magor & Co Ltd is in the business of investments and lending of funds.  

Mohit Industries

The counter experienced a notable increase in buying interest as the scrip surged and got locked at 20% upper circuit, reaching an intraday high of Rs 17.60 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Mohit Industries Ltd manufactures texturized yarn from POY and weaving of the yarn into grey cloth.

Globe Textiles (India)

The stock experienced a substantial surge in its stock price, with the stock zooming more than 17%, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 5.05 per share on the NSE. Globe Textiles (India) Ltd is involved in the trading and manufacturing of textile products.

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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