Penny stocks to watch out for tomorrow, 18 August 2023

The trading session concluded with both the Sensex and Nifty experiencing declines of 0.59% and 0.51%, respectively. In a different turn of events, Nifty Midcap achieved a modest gain of 0.25%, while Nifty Smallcap slightly edged upwards by 0.14%. 

Nifty PSU Bank and Nifty Realty emerged as the sectors exhibiting the strongest performance, displaying notable resilience. In contrast, Nifty IT, Nifty FMCG, and Nifty Energy faced challenges, positioning them within the group of top losers. Adani Ports, Titan, and Adani Enterprises secured positions as the leading gainers within the Nifty 50. Conversely, LTIMindtree, ITC, and Power Grid witnessed declines, placing them among the notable losers. 

The following penny stocks are likely to be in focus on Friday, August 18, 2023:     

Flexituff Ventures International – 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 32.90 per share on the NSE. Flexituff Ventures International Ltd is engaged in the business of technical textiles.  

Noida Toll Bridge Company- 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 8 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Noida Toll Bridge Company Ltd was promoted by IL&FS Ltd as a special purpose vehicle for the implementation of Delhi Noida bridge project on a Build, Own, Operate and Transfer (BOOT) basis. 

Coffee Day Enterprises – 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 46.80 per share on the NSE. This price rally was backed by a substantial increase in trading volume. The scrip witnessed some profit booking and closed 18.33% up at Rs 46.15 apiece on NSE. Coffee Day Enterprises Ltd is the holding company of the Coffee Day Group and is in the business of coffee retail and exports, hospitality and consultancy services.  

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.