Domestic equities markets saw a tumultuous trading day on Tuesday. The Nifty 50 managed to conclude in the green at 18,618 with a 0.30 percent gain. Mid-cap and small-cap equities broke the market trend and saw selling pressure.
On Wednesday, November 30, 2022, the following penny stocks are likely to be scrutinized:
Nila Infrastructures – The stock saw heavy buying activity in today’s session, with the scrip rallying more than 15% to an intra-day high of Rs 8.05 per share on the NSE. The organization is engaged in the development of different infrastructures as well as the building of affordable housing projects. It is mostly present in Gujarat and Rajasthan.
Bhandari Hosiery Exports – The stock saw a strong price volume break out and surged more than 14% to an intra-day high of Rs 5.70 per share on the NSE. The company is in the textile industry. Design and development, as well as knitting, dyeing, and finishing of textiles and clothing, are examples of business activities.
Excel Realty N Infra – The company’s shares froze on the NSE at an upper price range of Rs 0.40 per share. The stock has gained 33.33 percent in the previous five trading sessions. The firm, founded in 2003, is involved in the construction of infrastructural facilities, IT-enabled BPO services, and general trade operations. With IT companies now lagging the overall markets, this IT stock has seen a surge in buyer interest. The firm is debt-free and trades at around 0.2 times its book value.