During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.27% and the Nifty-50 Index down 0.29%. While the Nifty Mid-cap Index decreased by 0.36%, whereas the Nifty Small-cap Index, finished the session down 0.36%.
Nifty Metals Index and Nifty Media Index emerged as winners among the sectors, whereas the Nifty IT Index and NSE Realty Index encountered losses in the sectoral landscape.
At the individual stock level Bharat Petroleum Corporation, Tata Steel and Titan Company emerged as prominent gainers, while HCL Technologies, NTPC and Wipro registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Wednesday, January 17, 2024:
Burnpur Cement 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 7.35 per share on NSE. The stock’s 52-week high is Rs 8.80 and its 52-week low is Rs 3.80. Incorporated in 1986, Burnpur Cement Ltd is in the business of cement manufacturing. The company sells its entire finished products to Ultratech Cement Limited under an off-take agreement.
Read: Unlocking Cement Stocks in India
Integra Essentia Limited
The stock underwent a substantial surge in its stock price, zooming by 5% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high & fresh 52-week high of Rs 7.35 per share on the NSE. Incorporated in 2007, Integra Essentia Ltd is in the business of life essentials viz., food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for renewable energy equipment and projects).
Rajnandini Metal Limited
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 5% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 16.90 per share on the NSE. Rajnandini Metal Ltd is engaged in the business of manufacturing, trading or otherwise dealing in steel, iron, iron alloy, castings, various kinds of chemicals, furnace oils, petroleum 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.
