During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.93% and the Nifty-50 Index up 0.89%. At the same time, the Nifty Mid-cap Index increased 2.24%, whereas the Nifty Small-cap Index, finished the session up 3.29%.
Nifty Realty Index and NSE Oil & Gas Index emerged as the winners among the sectors, whereas the Nifty Pharma Index and Nifty FMCG Index encountered a loss in the sectoral landscape.
At the individual stock level, Tech Mahindra, HCL Technologies and SBI Life Insurance were the top gainers, while Hindalco Industries, Asian Paints and M&M were the top losers on the Nifty 50 index.
The following penny stocks are likely to be in focus on Friday, June 07, 2024:
SEPC 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 18.90 on the NSE. SEPC (Shriram EPC Ltd till February 2021) was incorporated in June 2000. The company became majority-owned by Mark AB in September 2022 post-infusion of Rs 350 crore. SEPC specialises in executing EPC contracts, providing integrated solutions encompassing design, engineering, procurement, construction and project management services in water, process and process metallurgy and infrastructure segments.
Shree Ram Proteins 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 1.05 per share on the NSE. Incorporated in 2008, Shree Ram Proteins Ltd is in the business of edible oil and solvent extraction from all types of agro. The company is involved in cotton seed extraction and trading of cotton bales, cotton seed cakes, oil rice bran, soya beans and occasionally mustard seeds, etc.
Vardhman Polytex 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 9.50 per share on the NSE. Incorporated in 1981, Vardhman Polytex Ltd (VPL) is a leading manufacturer of yarn and garments and a flagship company of the Oswal Group. VPL produces a wide range of cotton yarns, including carded, combed, organic, Better Cotton Initiative (BCI), and cotton-polyester blends, as well as value-added yarns (grey and dyed) in various counts.
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.
