Watch out for these penny stocks locked in the upper circuit on February 12

Watch out for these penny stocks locked in the upper circuit on February 12

Prajwal Wakhare

Sensex dropping by 0.41 per cent and the Nifty showing a loss of 0.49 per cent.

Market at 11:25 AM, In the ongoing trading session, the benchmark indices are on a downward trajectory, with the Sensex dropping by 0.41 per cent and the Nifty showing a loss of 0.49 per cent. Furthermore, NIFTY Bank tumbled 0.90 per cent and FINNIFTY following the nifty is down by 0.84 per cent.

The broader market indices are also displaying drag down, with the Nifty Mid-Cap experiencing significant loss of 1.63 per cent and the Nifty Small-Cap tumbled by a massive 2.69 per cent.

India VIX is trading marginally higher by 3.41 per cent, signalling an increase in market volatility.

Notable gainers include Nifty IT and Nifty pharma, while Nifty psu bank, Nifty media and Nifty energy are major underperforming sectors.

Top-performing individual stocks are Wipro Ltd, Apollo Hospitals Enterprise Ltd and Divi's Laboratories Ltd, contributing to the positive momentum. On the other hand, leading losers in the Nifty 50 include Hero moto corp Ltd, Bharat Petroleum Corporation Ltd, and Coal India Ltd.

The broader market sentiment remains negative, with 366 stocks advancing compared to 1,960 declining, reflecting an overall pessimistic trend.

Following is the list of Penny Stock that got locked in the upper circuit on February 12, 2024:

Company Name

LTP / Close

Circuit Limit ( in per cent)

Nivaka Fashions Ltd

6.11

9.89

Panafic Industrials Ltd

1.84

9.52

Neeraj Paper Marketing Ltd

19.95

5

KUMBHAT FINANCIAL SERVICES LTD

15.76

5

Libord Finance Ltd

10.92

5

USG TECH SOLUTIONS

9.24

5

Telogica Ltd

7.98

5

RCI Industries & Technologies Ltd

5.04

5

HIT KIT GLOBAL SOLUTIONS LTD

0.84

5

GUJARAT INJECT (KERALA) LTD

14.95

4.99

 

Investors should keep an eye on these Penny Stocks.

Disclaimer: The article is for informational purposes only and not investment advice.

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