During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.12% and the Nifty-50 Index up 0.14%. At the same time, the Nifty Mid-cap Index increased 1.06%, whereas the Nifty Small-cap Index, finished the session up 1.23%.
Nifty Realty Index and Nifty Consumer Durables Index emerged as the winners among the sectors, whereas the Nifty Pharma Index and Nifty Healthcare Index encountered loss in the sectoral landscape.
At the individual stock level, Grasim Industries, Bharti Airtel and Nestle India were the top gainers, while Reliance Industries, Sun Pharmaceutical Industries and Bharat Petroleum Corporation Were the top losers on the Nifty 50 index.
The following penny stocks are likely to be in focus on Wednesday, April 24, 2024:
Next Mediaworks 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 7.50 per share on the NSE. Incorporated in 1981, Next Mediaworks Ltd. is primarily engaged in the business of FM Radio broadcasting. The company through its subsidiary Next Radio Ltd. runs the “Radio One” channel.
Tijaria Polypipes 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 of Rs 16.95 on the NSE. Incorporated in 1982, Tijaria Polypipes Ltd manufactures plastic pipes. The company manufactures high-grade HDPE, PVC, MDPE, and LDPE plastic pipes and sprinkler systems under the brand names Tijaria and Vikas. Its products are used in irrigation, telecommunication, industrial, infrastructure, and housing sectors.
Nila Spaces Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 5% upper circuit, reaching an intraday high & fresh 52-week high of Rs 8.50 per share on the NSE. Incorporated in 2000, Nila Spaces Ltd does the development of real estate comprising residential and commercial projects. NSL is a part of Ahmedabad-based Sambhaav Group which is in the construction and development business.
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.
