Penny Stocks to Watch Out for Tomorrow, July 14, 2023

The Sensex closed higher by 0.25%, while the Nifty witnessed a 0.15% rise. Nifty Midcap and Nifty Smallcap experienced declines, with drops of 0.81% and 1% respectively. 

Nifty Realty, Nifty IT, and Nifty Financial Services emerged as the top performers, while Nifty Energy, Nifty Media, and Nifty PSU Bank ended as the top losers. Hindalco, TCS, and Infosys were prominent gainers, while Power Grid, Coal India, and UPL were notable losers among the Nifty 50 stocks.  

The following penny stocks are likely to be in focus on Friday, July 14, 2023:     

Ashoka Metcast: The stock displayed a strong breakout in both price and volume, rallying and getting locked at 20% upper circuit, reaching an intraday high of Rs 28.65 per share on the NSE. This surge in price was accompanied by a significant rise in trading volume and closed 11.30 per cent up at Rs 26.60 by the end of the trading session. Ashoka Metcast Ltd does trading of steel, goods and others.  

Sindhu Trade Link: Exhibiting a robust breakout in both price and volume, the stock surged more than 16%, to trade at an intraday high of Rs 26.25 per share on the NSE. This remarkable price surge was accompanied by a notable increase in trading volume. Sindhu Trade Links Ltd is primarily engaged in transportation logistics and support services. The company through its subsidiaries is also engaged in diversified businesses like media, overseas coal mining, bio-mass based power generation etc. 

SecUR Credentials Limited: The stock zoomed more than 9%, propelling its intraday trading price to reach a peak of Rs 22.45 per share on the NSE. This surge in price coincided with a noticeable uptick in trading volume. SecUR Credentials Ltd is India’s first and only listed, employee background checks companies. Supported by state of the art technology, their services have been integrated into HR systems for over 1000 large companies across sectors.  

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.