Penny stocks to watch out for tomorrow, 8 December 2023

During the most recent market session, both the Sensex and Nifty closed on a negative note, with the Sensex Index gaining 0.52% and the Nifty-50 Index gaining 0.40%. Additionally, the Nifty Mid-cap Index experienced a modest increase of 0.25%, whereas the Nifty Small-cap Index exhibited significant growth, finishing the session up by 0.38%.

Nifty Consumer Durables Index and Nifty Auto Index emerged as winners among the sectors, whereas Nifty FMCG Index and Nifty Metals Index encountered losses in the sectoral landscape.

At the individual stock level Adani Ports, Power Grid Corporation of India and Ultratech Cements emerged as prominent gainers, while Apollo Hospitals, Hindustan Unilever and Bharati Airtel registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Friday, December 08, 2023: 

Aakash Exploration Services

The stock underwent a substantial surge in its stock price, zooming and getting locked at a 20% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 10.65 per share on the NSE. Aakash Exploration Services Limited provides services to oil and gas fields. In recent trading sessions, the stock has been hitting back-to-back upper circuits.

BrightCom Group Limited

The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 20% upper circuit, reaching an intraday high of Rs 20.15 per share on NSE. The stock’s 52-week high is Rs 37 and its 52-week low is Rs 9.35. Incorporated in 2010, Brightcom Group Ltd (formerly Lycos Internet Ltd) offers digital marketing solutions to businesses, agencies and online publishers worldwide

Nagarjuna Fertilizers and Chemicals Limited

The stock experienced a substantial surge in its stock price, with the stock zooming and getting locked at 10% upper circuit, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high of Rs 9.80 per share on the NSE. Nagarjuna Fertilizers & Chemicals Ltd is principally engaged in the business of manufacturing and marketing Fertilisers, Micro Irrigation equipment and Agri Informatic 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.