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HomeStocksPenny Stocks To Watch Tomorrow – 28th September 2023

Penny Stocks To Watch Tomorrow – 28th September 2023

Both the Sensex and Nifty have wrapped up the trading day with positive momentum, advancing by 0.26%. Notably, Nifty Midcap has concluded with a moderate uptick of 0.69%, while Nifty Smallcap has seen a significant surge, rising by 0.86%. 

Prominent performers among the sectoral indices include Nifty Pharma, Nifty PSU Bank, and Nifty FMCG, all recording gains. Conversely, Nifty Bank and Nifty Financial Services have emerged as the top decliners. 

Within the Nifty 50 index, leading gainers include L&T, Coal India, and ITC, while Titan, Grasim, and Hero Motocorp have positioned themselves as the top decliners. 

Taking a broader perspective on market sentiment, approximately 1,134 stocks are on the rise, slightly outnumbering the 878 stocks in decline. This suggests a relatively balanced sentiment prevailing in the broader market as the trading session comes to a close.  

The following penny stocks are likely to be in focus on Thursday, September 28, 2023:     

Supreme Engineering

The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 5% upper circuit, reaching an intraday high of Rs 1.05 per share on the NSE. Supreme Engineering Ltd is in the business of manufacturing steel products.  

Mohit Industries

The counter experienced a notable increase in buying interest as the scrip surged more than 17%, reaching an intraday high of Rs 21 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.

Also Read: Top 3 Profitable Companies in Textile Space

VL E-Governance & IT Solutions

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 35.10 per share on the NSE. The company has emerged as one of India’s largest last-mile distribution platform with a physical as well as digital eco-system in place with a PAN India presence.  

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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