During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.98% and the Nifty-50 Index up 1%. While the Nifty Mid-cap Index increased by 0.45%, whereas the Nifty Small-cap Index, finished the session up 0.45%.
Nifty PSU Bank Index and Nifty Auto Index emerged as winners among the sectors, whereas the Nifty Oil & Gas Index encountered losses in the sectoral landscape.
At the individual stock level Ultratech Cement, Hindalco, and Bajaj Auto emerged as prominent gainers, while ONGC, Adani Enterprises, and NTPC registered losses within the Nifty 50 index.
The following penny stocks are likely to be in focus on Thursday, December 28, 2023:
Mohit Industries Limited
The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 17.55 per share on the NSE. Incorporated in 1991, Mohit Industries Ltd manufactures texturized yarn from POY and weaves the yarn into grey cloth.
Nila Infrastructures Limited
The counter experienced a notable increase in buying interest as the scrip zoomed and hit a 10% upper circuit, reaching an intraday high & 52-week high of Rs 9 per share on NSE. The Company is involved in the construction of affordable housing projects, and the development of various infrastructures. The company has its presence mostly in Gujarat and Rajasthan.
Aakash Exploration Services 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 11 per share on the NSE. Incorporated in 2007, Aakash Exploration Services Limited provides services to oil and gas fields.
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.
