Bharat Forge shares might gain attention due to its recent Rs 6,900 crore contract with the Ministry of Defence for procuring artillery gun systems and vehicles. Currently, stocks are trading below their 200-day SMA but above their 50-day SMA, having shown significant gains over the past month.
These 7 penny stocks rally 10-30% in a week
In the week ending May 23, the benchmark Sensex fell by approximately 0.74%. However, despite the overall market downturn, seven penny stocks posted weekly gains