Penny stocks to watch out for Monday, 26 June 2023

The Sensex concluded the day with a decline of 0.41%, while the Nifty ended lower by 0.6%. The Nifty Midcap and Nifty Smallcap indices experienced declines of 1.14% and 1.21%, respectively.

In terms of sector performance, Nifty Pharma ended on a positive note, whereas Nifty Metal, Nifty Media, and Nifty PSU Bank emerged as the top losers. Among the Nifty 50 stocks, Asian Paints, IndusInd Bank, and Dr Reddy’s Laboratories were the top gainers, while Adani Enterprises, Adani Ports, and BPCL experienced losses.

On Friday, a trading volume of 3,610 shares was recorded on BSE, out of which 2,292 shares experienced declines and settled accordingly. Among the stocks, 1,172 ended the session on a lower note, while 146 shares remained unchanged. Throughout the day, 129 shares reached their upper circuit limit, while 137 shares tested the lower circuit levels.

The following penny stocks are likely to be in focus on Monday, June 26, 2023:   

Prozone Intu Properties: The stock witnessed a substantial surge of 9.44% as significant buying activity was observed, driving its intraday trading price to reach a high of Rs 25.90 per share on the NSE. This price surge was accompanied by a notable increase in trading volume. Prozone Intu Properties is a focused retail-led and residential mixed-use real estate development company and is engaged in the business of developing, owning and operating shopping malls, commercial and residential premises.

Blue Chip India: The stock displayed a strong breakout in both price and volume, rallying 8.33%, with an intraday high of Rs 0.65 per share on the NSE. This surge in price was accompanied by a significant rise in trading volume. Blue Chip India Ltd is in the business of providing loan.

Supreme Engineering: The stock of Supreme Engineering witnessed a notable increase in buying interest, causing the share price to soar by 7.14% and reach an intraday high of Rs 0.75 per share on the NSE. This surge in price was accompanied by a significant upswing in trading volume. Supreme Engineering Ltd operates in the steel products manufacturing industry.

Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.