In today’s trading session, the Sensex and Nifty 50 closed on a slightly negative note, with the Sensex Index down 0.02% and the Nifty-50 Index down 0.15%. At the same time, the Nifty Mid-cap Index decreased 0.33%, whereas the Nifty Small-cap Index finished the session down 0.20%.
Nifty PSU Bank Index and NSE Bank Index emerged as the winners among the sectors, whereas the Nifty FMCG Index and Nifty Consumption Index encountered a loss in the sectoral landscape.
At the individual stock level, UltraTech Cement, Grasim and BEL were the top gainers, while HUL, Bajaj Auto and Britannia were the top losers on the Nifty 50 index.
The following penny stocks are likely to be in focus on Monday, October 25, 2024:
The following penny stocks are likely to be in focus on Friday, October 25, 2024:
1. Soma Textiles & Industries Limited
The Soma Textiles & Industries Share Price saw a notable 3% rise in its price, signaling a strong breakout in both price and volume. It reached an impressive intraday high of Rs 53.65 on the NSE. Soma Textiles & Industries revamped its Ahmedabad unit after acquiring it in 1969. In 1986, it became one of the pioneers in producing indigo denim. By 1994, the company launched an export-focused spinning unit with a capacity of 30,204 spindles, costing Rs 74 crore. It manufactures cotton yarn, fabrics, blended yarn, and synthetic fabrics. In 1995, Soma upgraded to wider Sulzer looms and introduced additional machines, increasing denim production by 25%. Despite facing stiff competition and a recession in the textile industry in 1999-2000, the company installed second-hand Picanol Airjet looms to boost denim output further.
2. Tirupati Forge Ltd
Tirupati Forge share price experienced a significant 5% rise, indicating a strong breakout in both price and trading volume, reaching an intraday high of Rs 42.57 on the NSE. Incorporated on August 17, 2012, in Gujarat as Tirupati Forge Private Limited, the company transitioned to a public limited company on August 11, 2017. Tirupati Forge is ISO 9001:2008 certified and specializes in manufacturing closed die forged products like auto components, bearings, gears, and forged flanges made from mild steel, carbon steel, and stainless steel. Based in Hadamtala Industrial Estate, Rajkot, Gujarat, the company operates in two main verticals: Open Die Forged products (auto components, bearings, gears, crankshafts for industries such as automotive, railways, irrigation, and agriculture) and Forged Flanges (carbon steel, stainless steel, DIN flanges, and more for oil and gas pipelines, water pipelines, and refineries). The company, led by directors Ajay Sardhara and Bhavesh Barsiya, began operations in 2012.
3. Oriental Trimex Limited
Oriental Trimex’s share price saw a notable surge of around 5%, signaling a strong breakout in both price and volume, reaching an intraday high of Rs 13.45 on the NSE. Incorporated as a private limited company in 1996 by promoters Rajesh Punia and Savita Punia, Oriental Trimex has been involved in trading building materials, marble, and granite. In 2001, the company established a marble processing unit in Greater Noida, with a licensed capacity of 12,600 MT per year, focusing on processing both imported and domestic rough marble blocks into slabs and tiles. Additionally, the company acquired a small granite processing unit in Rairangpur, Orissa, with a capacity of 650 MT.
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.
