The Sensex and Nifty both wrapped up the day with slight positive advances. In contrast, Nifty Midcap had a notable increase of 0.66%, while Nifty Smallcap remained relatively unchanged.
The leading performers in the market encompassed Nifty Realty, Nifty Financial Services, and Nifty Bank, while Nifty IT, Nifty Media, and Nifty Pharma experienced declines.
Within the Nifty 50, notable gainers included Bajaj Finance, Tata Consumer Products, and Bajaj Finserv, whereas SBI Life, Hindalco, and Hero Motocorp were among the prominent losers.
Penny stocks are likely to be in focus on Tuesday, September 26, 2023:
Williamson Magor & Company
The company witnessed a robust price and volume breakout, resulting in the stock getting locked at 20% upper circuit, reaching an intraday high of Rs 26.30 per share on the NSE. This price rally was backed by a substantial increase in trading volume. Williamson Magor & Co Ltd is in the business of investments and lending of funds.
Parsvnath Developers
The counter experienced a notable increase in buying interest as the scrip surged and got locked at 20% upper circuit, reaching an intraday high of Rs 12.30 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. The Parsvnath Group is a real estate brand with a pan-India presence in 37 cities across 13 states. The company has established an enviable track record in diverse segments of the sector such as integrated townships, residential, commercial, retail, DMRC station development, hotel, IT park, SEZ, and third-party contracting projects.
Airan Limited
The stock experienced a substantial surge in its stock price, with the stock zooming more than 10%, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 24.35 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.
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.
