Watch out for these penny stocks locked in the upper circuit on March 11

Watch out for these penny stocks locked in the upper circuit on March 11

Vaishnavi Chauhan

Sensex declining by 0.46 per cent and the Nifty plummeting by 0.39 per cent

Market at 12:55 PM, In the current trading session, benchmark indices are on a downward trajectory, with the Sensex declining by 0.46 per cent and the Nifty plummeting by 0.39 per cent. Furthermore, NIFTY Bank plunged 0.72 per cent and FINNIFTY was down by 0.55 per cent.

This downward trend extends to the broader indices, with the Nifty Mid-Cap experiencing a slight decline of 0.09 per cent, while the Nifty Small-Cap takes a steeper plunge of 1.35 per cent.

Market volatility, as indicated by India VIX, is showing a decrease of 4.11 per cent, signaling a reduction in market uncertainty.

Among individual stocks, Nestle India, Bajaj Finserv, and Cipla are registering gains, while Tata Consumer Product, Tata Steel, and Power Grid are facing losses within the Nifty 50 index.

With 1,011 stocks advancing against 2,875 declining stocks, the prevailing sentiment in the broader market leans negative.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Following is the list of Penny Stock that got locked in the upper circuit on March 11, 2024:

Company Name

LTP / Close

Circuit Limit %

Viaan Industries Ltd

1.26

5

Premium Capital Market And Investments Ltd

1.89

5

Amin Tannery Ltd

2.1

5

Sungold Capital Ltd

2.73

5

Geetanjali Credit And Capital Ltd

3.78

5

Gujarat Cotex Ltd

3.99

5

Adarsh Mercantile Ltd

6.31

4.99

Shivansh Finserve Ltd

7.79

4.99

Indra Industries Ltd

9.68

4.99

UTL Industries Ltd

2.32

4.98

 

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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