Penny stocks to watch out for tomorrow, 20 December 2023

During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index up 0.17% and the Nifty-50 Index up 0.18%. While, the Nifty Mid-cap Index decreased by 0.38%, whereas the Nifty Small-cap Index, finished the session down by 0.38%.

Nifty Pharma Index and Nifty PSU Bank Index emerged as winners among the sectors, whereas Nifty IT Index and Nifty Realty encountered losses in the sectoral landscape.

At the individual stock level Coal India, Nestle India and NTPC Ltd emerged as prominent gainers, while Adani Ports Ltd, Wipro Ltd and Adani Enterprises registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Wednesday, December 20, 2023:

Lypsa Gems & Jewellery Limited

The stock underwent a substantial surge in its stock price, zooming by 10% indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high & 52-week high of Rs 7.05 per share on the NSE. Lypsa Gems and Jewellery Ltd is in three core activities: rough preparation, manufacturing and polished diamonds marketing. It is based out of Mumbai with affiliates in Antwerp, Dubai and Moscow.

Sarveshwar Foods 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 5.25 per share on the NSE. Sarveshwar Foods Limited, incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading and export of Basmati rice, which is a long grain rice with a fine texture.

Arshiya 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 7.60 per share on NSE. The stock’s 52-week high is Rs 9.65 and its 52-week low is Rs 3.45. Arshiya Limited is an integrated supply chain and logistics infrastructure solutions provider headquartered in India. The Company is developing logistics infrastructures across India. Arshiya is developing free trade & warehousing Zones in Mumbai, Khurja, Nagpur, Chennai and east of India.

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.