Penny Stocks to Watch for 27th June, 2023

The Sensex and Nifty closed with a mixed performance. Nifty Midcap and Nifty Smallcap experienced gains, rising by 0.92% and 0.62%, respectively. Notably, Nifty Pharma, Nifty Metal, and Nifty Auto emerged as the top gainers, while Nifty PSU Bank, Nifty Media, and Nifty Energy were among the top losers.

Within the Nifty 50 index, Cipla, Adani Enterprises, and Hero MotoCorp registered gains, whereas Power Grid, Reliance, and TCS faced losses. In the broader market, around 1083 stocks advanced compared to 894 stocks that declined, indicating an overall positive sentiment.

The following penny stocks are likely to be in focus on Tuesday, June 27, 2023:   

Super Spinning Mills

The stock witnessed a substantial surge of 17.05% as significant buying activity was observed, driving its intraday trading price to reach a high of Rs 7.55 per share on the NSE. This price surge was accompanied by a notable increase in trading volume. Super Spinning Mills Ltd does manufacturing and selling of cotton, cotton yarn and allied products.

RattanIndia Power

The stock displayed a strong breakout in both price and volume, rallying and hitting the upper circuit level of 20%, reaching an intraday high of Rs 5.60 per share on the NSE. This surge in price was accompanied by a significant rise in trading volume. RattanIndia Power Limited is one of India’s largest private power generation companies, with 2,700 MW thermal power plants located in Amravati and Nashik, Maharashtra, India.

Excel Realty N Infra

A solid price volume break-out was seen at the counter today as the stock zoomed 14.29 per cent to make an intra-day high of Rs 0.40 per share on NSE. This surge in price was accompanied by a significant upswing in trading volume. Excel Realty N Infra Limited is engaged in the development of Infrastructure facilities, IT-enabled BPO services and general trading activities.

Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.