Penny stocks to watch out for tomorrow, 17 August 2023

The Sensex and Nifty concluded the trading session with minor increases, exhibiting a rise of 0.21% and 0.16% respectively. Similarly, the Nifty Midcap observed a slight upward movement of 0.08%, while the Nifty Smallcap displayed more robust growth, finishing with a gain of 0.57%. 

Prominent gainers included the Nifty Auto, Nifty Media, and Nifty Realty sectors, whereas the Nifty Metal, Nifty Financial Services, and Nifty Bank sectors suffered losses. Within the Nifty 50 index, UltraTech Cement, Apollo Hospitals, and NTPC emerged as the leading advancers, whereas Hindalco, Tata Steel, and Adani Ports were the primary decliners. 

The following penny stocks are likely to be in focus on Thursday, August 17, 2023:     

B.A.G Films And Media – 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 6.30 per share on the NSE. B.A.G. Films and Media Limited, incorporated in 1993, is in the business of content production, distribution and allied activities. 

Vikas Lifecare – 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 4.10 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Vikas Lifecare Ltd trades and manufactures polymer, rubber compounds and additives for plastics, synthetic & natural rubber, infra, agro products, FMCG products, etc. 

Suvidhaa Infoserve – The company witnessed a robust price and volume breakout, resulting in the stock getting locked at 20% upper circuit, reaching an intraday high of Rs 5.10 per share on the NSE. This price rally was backed by a substantial increase in trading volume. Suvidhaa Infoserve Ltd is in the business of providing a digital facility to make payments.  
Keep a close eye on this scrip for the upcoming sessions!     

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.