Penny stocks to watch out for Wednesday, 13 December 2023

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 0.54% and the Nifty-50 Index down 0.43%. Additionally, the Nifty Mid-cap Index decreased by 0.39%, whereas the Nifty Small-cap Index, finished the session down by 0.16%.

Nifty Media Index and Nifty Metals Index emerged as winners among the sectors, whereas Nifty Realty Index and Nifty Consumer Durables Index encountered losses in the sectoral landscape.

At the individual stock level Ultratech Cement, HDFC Life and Bajaj Auto emerged as prominent gainers, while Apollo Hospitals, Sun Pharmaceuticals and Maruti Suzuki India registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Wednesday, December 13, 2023:

GTL Infrastructure 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 1.30 per share on the NSE. GTL Infrastructure Limited operates as a telecom infrastructure company. The Company owns and manages telecom towers and communication structures that enable mobile operators to offer network-sharing services

Alps Industries Limited

The stock underwent a substantial surge in its stock price, zooming and getting locked at a 10% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 2.30 per share on the NSE. Alps Industries Limited manufactures home textile products. The Company produces bedding, window dressings, decorative pillows, and kitchen linen products. Alps Industries serves customers worldwide.

Nila Spaces Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 10% upper circuit, reaching an intraday high of Rs 5.60 per share on NSE. The stock also made a new 52-week high of Rs 5.60. Nila Spaces Limited incorporated in 2000, is a flagship unit of the Ahmedabad-based Sambhaav Group. The Company is involved in the construction of affordable housing projects, and the development of various infrastructures.

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.