Penny Stocks to Watch: These three penny stocks were locked in the upper circuit; check if you own any!

The markets surprised the bulls when it slipped in the closing hours of the trade on Wednesday. The only solace bulls can take from the price action on Wednesday is the fact that the advance decline ratio was in favor of the advances. On Wednesday as many as 470 stocks hit upper circuit while 140 stocks hit lower circuit. As many as 1982 stocks advanced on BSE while 1308 stocks declined. At least 209 stocks hit a fresh 52 week high on Wednesday while 25 stocks that are listed on BSE touched their respective 52 week low. 

Following penny stocks are attracting buyers :

Ujaas Energy: The shares of Ujaas Energy gained by more than 18 per cent on Wednesday. The shares of Ujaas Energy were locked in the upper circuit even though the markets witnessed a sell-off in the last hour of the trading session. The steep rise in the share price of Ujaas Energy was seen with a spurt in volume of 5.61 times. The shares of Ujaas Energy are now trading above the important short-term moving averages of 9D SMA and 20D SMA, thus indicating near term bullishness.

Punj Llyod: The shares of Punj Lyod were seen locked in the upper circuit on Wednesday. The share price of Punj Llyod is up by more than 24 per cent in one month alone. The stock of Punj Llyod is seen back-to-back locked in the upper circuit, indicating buying interest in the company.

JCT: The shares of JCT are trading close to its 52-week high. The stock is in a clear intermediate uptrend with the higher highs and higher lows it has made on a daily chart. The price gain with decent volume and rising RSI indicating positive momentum in the counter. The shares of JCT are locked is seen back -to back locked in the upper circuit indicating buyers interest.