Penny stocks to watch out for tomorrow, 10 August 2023

The day’s trading concluded with positive momentum, as both the Sensex and Nifty wrapped up higher by 0.23% and 0.32%, respectively. Notably, Nifty Midcap and Nifty Smallcap showcased even more robust gains, closing up by 0.33% and 0.59%, respectively. 

Nifty Media, Nifty Metal, and Nifty Auto emerged as top gainers among sectors, exhibiting strong performance. Conversely, Nifty Realty, Nifty Financial Services, and Nifty Bank faced challenges, recording losses. 

Dr Reddy’s Laboratories, Hindalco, and JSW Steel secured positions as top gainers within the Nifty 50, showcasing their strength. However, Divi’s Laboratories, Apollo Hospitals, and Maruti encountered losses. 

The following penny stocks are likely to be in focus on Thursday, August 10, 2023:     

Hindustan Construction Company: The stock experienced a substantial surge in its stock price, with the stock getting locked at 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 24.15 per share on the NSE. Hindustan Construction Company is principally engaged in the business of providing engineering and construction services, real estate, infrastructure and urban development and management.  

DB (International) Stock Brokers – The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at 20% upper circuit, reaching an intraday high of Rs 30.65 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. The scrip witnessed some profit booking and closed 17.42% up at Rs 30 per share on NSE. The DB (International) Stock Brokers is engaged in a single line of business i.e. stock broking and provides depository participant services of CDSL. 

Patel Integrated Logistics: The company witnessed a robust price and volume breakout, resulting in the stock surging more than 17%, reaching an intraday high of Rs 20.10 per share on the NSE. This price rally was backed by a substantial increase in trading volume. Patel Integrated Logistics is in the business of logistics services, offering unified logistics solutions through the extensive infrastructure of offices and delivery destinations across all over the country. 

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.