In today’s market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.38% and the Nifty-50 Index up 0.34%. While the Nifty Mid-cap Index increased by 0.29%, whereas the Nifty Small-cap Index, finished the session down 0.15%.
Nifty Media Index and Nifty Metals Index emerged as winners among the sectors, whereas the Nifty PSU Bank Index and NSE Realty Index encountered losses in the sectoral landscape.
At the individual stock level Reliance Industries, Adani Enterprises, and Cipla emerged as prominent gainers, while NTPC, BPCL, and ONGC registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Thursday, January 11, 2024:
Visagar Polytex Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 20% upper circuit, reaching an intraday high of Rs 1.80 per share on NSE. The stock also made a 52-week high is Rs 1.80. The company is in textile manufacturing, trading, wholesaling & retailing activities comprising of an independent and interdependent vertical viz. ethnic wear, garment manufacturing, interlining goods and contract-based manufacturing.
Read: India’s Top 5 Textile Giants by Revenue!
Future Market Networks 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 7.45 per share on the NSE. The company, as a part of Future Group, works towards building capacity and organizing modern wholesale trade, retail and logistics infrastructure in India. It aims to amend the wholesale infrastructure, improve the supply chain and clear logistics bottlenecks to bridge the gap between demand and supply
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 of Rs 7 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.
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.
