Penny stocks to watch out for on Friday, 15 December 2023

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 1.34% and the Nifty-50 Index up 1.23%. Additionally, the Nifty Mid-cap Index increased by 1.31%, whereas the Nifty Small-cap Index, finished the session up by 0.85%.

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

At the individual stock level Infosys, Tech Mahindra and Wipro emerged as prominent gainers, while Power Grid Corporation, Nestle and Cipla registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, December 15, 2023:

GTL Infrastructure Limited

The stock underwent a substantial surge in its stock price, zooming by 5% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 1.40 per share on the NSE. GTL Infrastructure Limited is in the business of passive infrastructure sharing which is based on building, owning, operating, and maintaining passive telecom infrastructure sites capable of hosting active network components of various technologies

Nila Infrastructures Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 5% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 7.80 per share on the NSE. Nila Infrastructures Limited incorporated in 1990, 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.

FCS Software Solutions Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 5% upper circuit, reaching an intraday high of Rs 4.80 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.