Global stocks have shown signs of nervousness ahead of the first round of French presidential election results on Sunday night.
Shares of Bajaj Hindusthan closed 14.2% at Rs 17.55 higher on Friday. Simbhaoli Sugar closed 9.90% higher at Rs 36.65. Uttam Su gar jumped 7.7% to Rs 136.65.
Penny stocks are scrips belonging to companies with a small market capitalisation, usually under Rs 100-200 crore.
Data show that institutions increased their stakes by more than 1% in these companies.
Seshasayee Paper tumbles as state govt asks co to restrict usage from Cauvery river.
Reliance Industries' shares have surged nearly 26% since Jan 1.
Analysts said Google could prioritise its own search results over Just Dial or any other company's.
Geo-political tensions surrounding Syria, North Korea kept the Nifty on tenterhooks, with the indices trading in narrow range of 9150-9240 closing the week at 9150.
The S&P BSE IT index has underperformed the Sensex in the last 3-months with a gain of 3.2% versus a gain of 11.5% in the Sensex in the same period.
Investors can also accumulate Bharti Airtel, Dabur at current levels for short term gains he says.
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