Penny stocks to watch out for tomorrow, 21 December 2023

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index down 1.3% and the Nifty-50 Index down 1.41%. While, the Nifty Mid-cap Index decreased by 3.27%, whereas the Nifty Small-cap Index finished the session down by 3.63%.

On the sectoral front, all the indices were in red with NSE Media Index and NSE PSU Bank Index were the top losers.

At the individual stock level ONGC, Tata Consumers and Britannia Industries emerged as prominent gainers, while Adani Ports Ltd, Adani Enterprises and Tata Steel registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Tomorrow, December 21, 2023:

Shah Metacorp Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 20% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 4 per share on the NSE. Incorporated in 1999, Shah Metacorp Ltd manufactures and sells a diverse range of stainless-steel products. The company is a manufacturer, exporter and supplier of stainless-steel long products viz. stainless-steel bars, and mild steel

Integra Essentia Limited

The stock underwent a substantial surge in its stock price, zooming by 14.5% 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. Integra Essentia Limited manufactures textile products. The Company produces basic woven shirts and dresses for men and women. Integra Essentia serves customers in India.

PVP Ventures 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 14.75 per share on NSE. The stock’s 52-week high is Rs 16.95 and its 52-week low is Rs 5.90. PVP Ventures is engaged in the business of developing urban infrastructure and investments in various ventures.

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.