Penny stocks to watch out for on Monday , 11 September 2023

The Nifty Midcap exhibited exceptional performance, concluding with a substantial gain of 0.95%, and the Nifty Smallcap also finished in the green, posting a 0.61% increase. 

Among the leading sectors in terms of performance, Nifty Realty, Nifty Energy, and Nifty Financial Services emerged as the top gainers, showcasing their strength. Conversely, Nifty Media, Nifty Pharma, and Nifty FMCG experienced declines. 

Taking a closer look at individual stocks within the Nifty 50 index, Coal India, NTPC, and BPCL stood out as the top gainers, while Eicher Motors, UPL, and Apollo Hospitals were among the top losers. 

The following penny stocks are likely to be in focus on Monday, September 11, 2023:     

GTL Infrastructure- The counter experienced a notable increase in buying interest as the scrip zoomed 16.67%, reaching an intraday high of Rs 1.05 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. GTL Infrastructure is in the business of providing shared passive telecom infrastructure in India. 

Inventure Growth & Securities- The stock experienced a substantial surge in its stock price, with the stock zooming 19.05%, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 2.50 per share on the NSE. Inventure Growth & Securities Ltd is engaged in the business of providing stock broking services, depository participant services, commodity broking services, financing/fund-based services, wealth management and merchant banking services.  

Vikas Ecotech– The company witnessed a robust price and volume breakout, resulting in the stock zooming and getting locked at 20% upper circuit, reaching an intraday high of Rs 3.95 per share on the NSE. This price rally was backed by a substantial increase in trading volume. The scrip witnessed some profit booking and closed 18.18% up at Rs 3.90 per share on NSE. Vikas Ecotech Limited is primarily engaged in the business of manufacturing speciality chemicals focused on additives and speciality polymer compounds.  

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.