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These 8 penny stocks surge 10-20% in a week

Updated at : 2025-03-23 15:25:01

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Amid this surge, 8 penny stocks rose between 10% and 20%

Rupak De, Senior Technical Analyst at LKP Securities, predicts a 5% rally for the Nifty Smallcap index and a continued upswing in the midcap index. He discusses Nifty s recovery, potential resistance levels, and consolidation. De also highlights bullish trends in stocks like HINDPETRO, CDSL, and CANBANK, with technical indicators suggesting further gains for these picks.

Trendlyne data shows that 8 Nifty Midcap 100 index stocks, including ACC, KPIT Technologies, Aurobindo Pharma, and Dixon Technologies, have high analyst ratings and could deliver up to 65%.

As the Indian stock market faces volatility, investors are shifting towards alternative investments like Small Finance Bank FDs, corporate bonds, gold, real estate, and unlisted stocks to diversify and manage risk. A balanced asset allocation strategy is crucial, with varying approaches for low, moderate, and high-risk investors, helping them navigate market fluctuations and ensure steady growth.

Vikas Khemani, Founder of Carnelian Asset Advisors, acknowledges near-term challenges for India’s IT sector due to global uncertainties but remains optimistic about its long-term prospects. He highlights the sector s adaptability to technological transitions and points to key growth drivers such as constant disruption, market leadership, and the aging global population. He advises selective investing in promising companies.

The combined market valuation of nine of the top-10 most-valued firms surged Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel emerging as the biggest gainers, in tandem with a bullish trend in equities.

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The global commodity market faces volatility due to U.S. President Trump s inconsistent trade policies, with tariffs on China, Canada, and Mexico raising concerns about a global trade war. Bullion, base metals, and silver have seen notable gains, while crude oil prices have dropped. Despite easing tensions in the Middle East, uncertain trade policies continue to impact global economic growth.

Srinivas Rao Ravuri, Chief Investment Officer at Bajaj Allianz Life Insurance, shares insights on equity markets, advising a long-term investment horizon amid global uncertainties. He highlights India s growing demographics and sectors like banking, consumption, and domestic manufacturing as promising for investors. Despite global volatility, he remains optimistic about India s economic growth and equity market potential in the coming years.

The Indian stock market is gearing up for a busy week with four SME IPOs opening for subscription and five newly listed companies making their stock market debut. As investor interest in SME public issues grows, a closer look at these upcoming IPOs and listings reveals exciting opportunities for market participants to watch.

The record date determines which shareholders are eligible for such benefits. Due to the T+1 settlement cycle, investors must own shares at least one day before the ex-date to qualify.

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