Penny stocks to watch out for on Monday, 18 December 2023

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 1.37% and the Nifty-50 Index up 1.29%. Additionally, the Nifty Mid-cap Index increased by 0.11%, whereas the Nifty Small-cap Index, finished the session up by 0.81%.

Nifty Metals Index and Nifty PSU Bank Index emerged as winners among the sectors, whereas Nifty FMCG Index and Nifty Realty encountered losses in the sectoral landscape.

At the individual stock level HCL Technologies, TCS and Infosys emerged as prominent gainers, while Nestle India, Bharati Airtel and SBI Life registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Monday, December 18, 2023:

Antarctica Limited

The stock underwent a substantial surge in its stock price, zooming by 10% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 1.10 per share on the NSE. Incorporated in 1994, Antarctica Limited is in the printing business as well as a paper-based packaging & publishing product manufacturer.

Viji Finance Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 2.25 per share on the NSE. Viji Finance Limited is a non-systematically important deposit-taking non-banking finance company registered with RBI. It provides working capital loans to corporate companies.

Indiabulls Enterprises Limited 

The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 12.65% upper circuit, reaching an intraday high of Rs 12.65 per share on NSE. The stock’s 52-week high is Rs 27.05 and its 52-week low is Rs 7.45. Incorporated in 2019, Indiabulls Enterprises Ltd provides Equipment Renting Services, Management and Maintenance Services, Financing and related activities.

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.