Shares of various Penny Stocks priced under ₹100 saw sharp profits in Thursday’s trading consultation, with select counters surging up to 16 %. The rally was led via MMTC, which jumped 14.58 % to ₹79.52 amid heavy volumes, observed by IFCI mountaineering 6.15 % to ₹74.50 and Sigachi Industries gaining 5.63 % to ₹53.21.
The upbeat sentiment is expand to different inexpensive stocks as well, including IDBI Bank (up 3.66 %), Delta Corp (up 3.24 %), Allcargo Terminals (up 3.30 %), Geojit Financial Services (up 1.67 %), and HMA Agro Industries (up 2.58 %), each recording notable profits.
Penny Stocks surge up to 15%
Real estate and infrastructure players like Shriram Properties and Vascon Engineers also noticed elevated investor interest, growing 3.51 % and 4.83 %, respectively. In contrast, BSE Sensex underperformed, trading 0.19 % decrease at 81,156.89 levels, around 12:50 PM.
Individually, shares of MMTC surged sharply today, driven by heavy trading volumes. By 12:50 PM, about 14.92 million shares well worth ₹115.34 crore had modified hands on BSE, whilst on the NSE, the quantity was notably better, with 118.83 million stocks traded, amounting to ₹918.62 crore.
Banks affects by Stocks Movement
IFCI also rallied on strong volumes. Around the same time, 21.59 million Penny Stocks worth ₹156.14 crore have been traded on the BSE. On the NSE, 118.5 million shares trade hands, generating a turnover of ₹857.63 crore. IDBI Bank saw comparable movement, with 11.72 million shares worth ₹111.29 crore traded at the NSE and 5.17 lakh shares worth ₹4.89 crore converting hands at the BSE.
Meanwhile, Shriram Properties is superior on the again of strong Q4 results. The agency’s net worth more than doubled, rising 137 % Y-o-Y to ₹47.7 crore in Q4FY25. Revenue grew 19 % to ₹427.5 crore, whilst Ebitda almost doubled to ₹89.2 crore. Net debt fell 26 % Y-o-Y, lowering the debt-equity ratio to 0.24x.
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