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Watch out for these penny stocks locked in the upper circuit on April 24

On Monday, ICICI Bank gained more than 2 per cent. The two firms' strong financial performance may help to restore the public's confidence after it had been damaged by the poor performance and future prospects of the leading IT companies.

Kaustubh Bhosale 0 2758 Article rating: 4.0

On Monday, Indian markets began higher as stronger quarterly results from industry giants ICICI Bank Ltd. and Reliance Industries Ltd. calmed some worries about a weak start to the earnings season.

Watch out for these penny stocks locked in the upper circuit on April 20

The banking, financial and IT sectors were the main contributors to the increase.

Kaustubh Bhosale 0 873 Article rating: 3.8

Mastek, an IT firm, saw its shares rise by more than 8 per cent after a 22 per cent YoY increase in Q4 FY23 revenue, while Tata Communication's shares remained unchanged after the company's Q4 net profit fell by 10 per cent to Rs 326 crore.

Watch out for these penny stocks locked in the upper circuit on April 19

The weak sentiment was a result of a lacklustre beginning to the quarterly earnings season.

Kaustubh Bhosale 1 3530 Article rating: 3.5

Although high-weightage financials remained relatively stable, IT stocks fell by more than 1 per cent. It is anticipated that the markets will remain unsteady and erratic, and the earnings season will be the primary driver until the U.S. Federal Reserve rate decision on May 3.

This small-cap stock that has delivered a staggering 35,000 per cent return over the past decade, turning a Rs 10,000 investment into Rs 35 lakh!

The company has diversified its manufacturing capabilities across various FMCG categories, including food and beverages, home care, fabric care, beauty and personal care, health care and wellness, leather and sports footwear and pest control, among others.

Kaustubh Bhosale 0 1028 Article rating: 4.6

While the company has returned 627 per cent over the last five years and the stock has surged 400 per cent in the last three years, its shares have been under pressure this year, falling 6.80 per cent year-to-date.

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