During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 2.16% and the Nifty-50 Index up 2.05%. At the same time, the Nifty Mid-cap Index increased 1.49%, whereas the Nifty Small-cap Index, finished the session up 2.31%.
Nifty IT Index and NSE Auto Index emerged as the winners among the sectors, where not a single sector was in decline.
At the individual stock level, Mahindra & Mahindra, Wipro, and Tech Mahindra were the top gainers, while SBI Life Insurance Company and Tata Consumer were the top losers on the Nifty 50 index.
The following penny stocks are likely to be in focus on Monday, June 10, 2024:
GTL Infrastructure Limited
The stock underwent a substantial surge in its stock price, zooming by 9.68% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 1.70 on the NSE. GTL Infrastructure Ltd. engages in the provision of telecom towers on shared basis to multiple telecom operators. Its services include infrastructure sharing and energy management services. The company was founded on February 4, 2004 and is headquartered in Mumbai, India.
Read: Best Infrastructure Companies in India
Nagarjuna Fertilizers and Chemicals Limited
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at a 9.71% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 11.30 per share on the NSE. Nagarjuna Fertilizers & Chemicals Ltd. engages in the manufacture of fertilizers and related products. It operates through the following segments: Fertilizer, Micro Irrigation, Agri Services, and Wind Energy Generation. The company was founded by K. V. K. Raju in 1986 and is headquartered in Hyderabad, India.
Unitech Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 4.81% upper circuit, reaching an intraday high of Rs 9.80 per share on the NSE. Unitech Ltd. is engaged in real estate development including related activities of construction, contracts, consultancy and management services, hotels, manufacturing of power transmission and telecom towers and property management. The company was founded by Ramesh Chandra on February 9, 1971 and is headquartered in Gurgaon, 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.
