Penny stocks to watch out for tomorrow, 14 September 2023

The Sensex wrapped up with a 0.37% uptick, closely followed by the Nifty, which registered a 0.38% increase. Furthermore, underlining the prevailing positive market sentiment, the Nifty Midcap experienced a 0.19% upturn, while the Nifty Smallcap outshone with a significant 1.02% surge. 

Among the standout performers in the sectoral indices, we observe strength in Nifty PSU Bank, Nifty Media, and Nifty Energy, while Nifty Auto and Nifty IT also delivered robust performance. Drilling down to individual stocks within the Nifty 50, notable gainers include Grasim, Coal India, and Tata Consumer Products, while HDFC Life, M&M, and L&T incurred losses. 

The following penny stocks are likely to be in focus on Thursday, September 14, 2023:     

SecUR Credentials– The company witnessed a robust price and volume breakout, resulting in the stock zooming and getting locked at 20% upper circuit, reaching an intraday high of Rs 19.25 per share on the NSE. This price rally was backed by a substantial increase in trading volume. SecUR Credentials Ltd is India’s first and only listed, employee background check company. 

Jaiprakash Power Ventures- The counter experienced a notable increase in buying interest as the scrip surged more than 13%, reaching an intraday high of Rs 9.90 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Jaiprakash Power Ventures, a part of the Jaypee Group, is engaged in the business of thermal and hydropower generation, coal mining, and cement grinding. 

Norben Tea & Exports- 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 10.25 per share on the NSE. Norben Tea & Exports Limited is engaged in the business of growing and manufacturing tea and providing commission. 

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.