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Penny stocks to watch out for tomorrow, 12 December 2023

11 December 20233 mins read by Angel One
At the individual stock level Ultratech Cement, Adani Enterprises and Nestle India emerged as prominent gainers, while Dr Reddy, Axis Bank and Eicher Motors registered losses within the Nifty 50 index.
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During the most recent market session, both the Sensex and Nifty closed on a positive note, with the Sensex Index gaining 0.15% and the Nifty-50 Index gaining 0.13%. Additionally, the Nifty Mid-cap Index increased by 0.74%, whereas the Nifty Small-cap Index, finished the session up by 0.84%.

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

At the individual stock level Ultratech Cement, Adani Enterprises and Nestle India emerged as prominent gainers, while Dr Reddy, Axis Bank and Eicher Motors registered losses within the Nifty 50 index.

The following penny stocks are likely to be in focus on Tuesday, December 12, 2023:

Aakash Exploration Services: The stock underwent a substantial surge in its stock price, zooming and getting locked at a 10% upper circuit level, indicating a strong breakout in both price and volume. The stock achieved an impressive intraday high & 52-week high of Rs 14 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. The stock gained over 100 per cent in less than 2 months.

Arshiya Limited – The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 10% upper circuit, reaching an intraday high of Rs 5.80 per share on NSE. The stock’s 52-week high is Rs 10.70 and its 52-week low is Rs 3.45. Arshiya Limited is an integrated supply chain and logistics infrastructure solutions provider headquartered in India.

GTL Infrastructure 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 1.20 per share on the NSE. GTL Infrastructure Limited operates as a telecom infrastructure company. The Company owns and manages telecom towers and communication structures that enable mobile operators to offer network-sharing 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.

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