The trading day saw both the Sensex and Nifty wrapping up with positive gains, concluding higher by 0.87% and 0.91%, respectively. It’s worth noting that the Nifty Midcap made an impressive leap, surging by 1.36%, while the Nifty Smallcap showed robust growth, closing up by 1.2%.
The market’s upward momentum was predominantly driven by key sectors, including Nifty Realty, Nifty PSU Bank, and Nifty Metal, all of which emerged as the top performers. Notably, there were no significant sectors underperforming.
Among individual stocks, noteworthy gainers for the day included Coal India, Adani Ports, and Bharti Airtel. Conversely, within the Nifty 50 index, IndusInd Bank, Cipla, and Dr Reddy’s Laboratories experienced declines, emerging as the top losers.
The following penny stocks are likely to be in focus on Wednesday, October 11, 2023:
Airan
The company witnessed a robust price and volume breakout, resulting in the stock getting locked at a 5% upper circuit, reaching an intraday high of Rs 24.50 per share on the NSE. Airan Ltd is engaged in the business of IT and ITeS for banking transactions processing services, document management services, payment banking etc.
AKI India
This counter experienced a significant increase in buying interest as the scrip surged and got locked at a 5% upper circuit, reaching an intraday high of Rs 14.05 per share on the NSE. This surge in price was accompanied by a noteworthy rise in trading volume for the scrip. AKI India specializes in the manufacturing and export of leather and leather goods.
PVP Ventures
The stock underwent a substantial surge in its stock price, 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 15.45 per share on the NSE. PVP Ventures is engaged in the business of developing urban infrastructure and investments in various ventures.
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.
