Penny stocks to watch out for tomorrow, 7 December 2023

Today, both the Sensex and Nifty closed on a positive 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 Oil & Gas Index and Nifty Media Index emerged as winners among the sectors, whereas Nifty Healthcare Index and Nifty Bank Index encountered losses in the sectoral landscape.

At the individual stock level Wipro, LTI Mindtree, and ITC emerged as prominent gainers, while Adani Enterprises, Eicher Motors, and NTPC registered losses within the Nifty 50 index.

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

Setco Automotive Limited – The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at a 5% upper circuit, reaching an intraday high of Rs 8.50 per share on NSE. The stock’s 52-week high is Rs 14.50 and its 52-week low is Rs 7.80. Incorporated in 1982, Setco Automotive Ltd manufactures clutch products and systems and hydraulics (Pressure Converters).

Country Club Hospitality & Holidays 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 15.30 per share on the NSE. Incorporated in 1989, Country Club Hospitality & Holidays Ltd is in the business of sale of vacation ownership and other related services

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 of Rs 8.90 per share on the NSE. Aakash Exploration Services Limited provides services to oil and gas fields.

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.