Penny Stocks To Watch Out For Tomorrow, 7 September 2023

The BSE Sensex and Nifty 50 concluded the trading day with modest upticks, registering increases of 0.15% and 0.18%, respectively. Furthermore, the BSE Midcap experienced a marginal uptick of 0.13% and the BSE Smallcap closed in negative territory, showing a small dip of 0.04%. 

In the sector-wise analysis, Nifty FMCG, Nifty Pharma, and Nifty Energy exhibited notable strength, while Nifty PSU Bank, Nifty Realty, and Nifty Metal faced declines. 

Delving into individual stocks within the Nifty 50 index, Tata Consumer Products, Divi’s Laboratories, and Bharti Airtel emerged as the top performers in terms of gains, while Axis Bank, Hindalco, and Tata Steel were among the leading decliners. 

The following penny stocks are likely to be in focus on Thursday, September 07, 2023:     

Gokul Refoils And Solvent- 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 37.80 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Gokul Refoils and Solvent Ltd is engaged in the business of seed processing, solvent extraction, and refining of edible oils and industrial oil such as castor oil.  

Nila Infrastructures– 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 6.70 per share on the NSE.  

HLV Ltd– The company witnessed a robust price and volume breakout, resulting in the stock zooming more than 16%, reaching an intraday high of Rs 20.65 per share on the NSE. This price rally was backed by a substantial increase in trading volume. HLV Ltd is primarily engaged in the business of owning, operating & managing hotels, palaces and resorts. 

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.