Penny stocks to watch out for on Thursday, 14 December 2023

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.05% and the Nifty-50 Index up 0.1%. Additionally, the Nifty Mid-cap Index increased by 0.88%, whereas the Nifty Small-cap Index, finished the session up by 0.87%.

Nifty Auto Index and Nifty Realty Index emerged as winners among the sectors, whereas Nifty IT Index and Nifty Oil & Gas Index encountered losses in the sectoral landscape.

At the individual stock level NTPC, Adani Ports and Power Grid Corporation emerged as prominent gainers, while TCS, Apollo Hospitals and Axis Bank registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Thursday, December 14, 2023:

Urja Global Limited 

The stock underwent a substantial surge in its stock price, zooming by 15% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high & 52-week high of Rs 16.40 per share on the NSE. Incorporated in 1992, Urja Global Ltd. is a leading Renewable Energy developer and operator. It is an approved Channel Partner of the Ministry of New and Renewable Energy (MNRE), Government of India.

Alps Industries 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 2.50 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.

FCS Software Solutions 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 4.60 per share on NSE. The stock’s 52-week high is Rs 5 and its 52-week low is Rs 1.85. FCS Software Solutions is an IT company based in Noida established in 1993. It provides services in IT consulting, IT Infra management, IT-enabled services, and Learning solutions.

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.