The Sensex concluded the day with a modest 0.16% increase above the 62,700 level, while the Nifty closed higher by 0.21% above the 18,600 level. Nifty Midcap and Smallcap indices ended the day with gains of 0.55% and 0.87% respectively.
Nifty IT, Nifty Realty, and Nifty Media emerged as the top performers, while Nifty Bank, Nifty Financial Services, and Nifty Pharma were among the top decliners. Infosys, NTPC, and Adani Enterprises featured as the top gainers, while Powergrid, L&T, and Cipla were among the leading losers.
The following penny stocks are likely to be in focus on Tuesday, June 13, 2023:
MIRC Electronics- The stock exhibited a powerful breakout both in terms of price and volume, as it rallied and hit the upper circuit limit of 20%, reaching an intraday high of Rs 15.40 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. MIRC Electronics Limited was established in 1981 with the goal of manufacturing television sets which transformed into a complete consumer durable company with a wide product portfolio.
Reliance Power - There was substantial buying activity observed in the stock, leading to a surge of more than 16 % and trading at an intraday high of Rs 16.25 per share on NSE. This surge in price was accompanied by a significant increase in trading volume for the stock. Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.
Urja Global - The counter experienced a notable increase in buying interest as the scrip zoomed and got locked at 20% upper circuit, reaching an intraday high of Rs 12.70 per share on NSE. This surge in price was accompanied by a significant rise in trading volume for the scrip. Urja Global Ltd is a leading renewable energy developer and operator.