Watch out for these penny stocks locked in the upper circuit on March 15
In the morning session, the major indices gained only moderately. The NSE's India VIX, a measure of the market's anticipation of short-term volatility, fell 4.33 per cent to 15.52 points. Ramkrishna Forgings rose 8.06 per cent after the company's collaboration with Titagarh Wagons was named the lowest (L-1) bidder for the delivery of forged wheels to the Government of India's Ministry of Railways. Once the company announced that it had signed an agreement with CONTROP Precision Technologies, situated in Israel, Paras Defence and Space Technologies saw a 4.27 per cent increase in value.
At 10:35 am, the benchmark BSE Sensex trades at 58,210 levels with a noticeable gain of 310 points. The S&P BSE Mid-Cap have jumped by 149 point and is currently trading at a level of 24,207 points. Similarly, the Small-Cap index soared by 217 points to trade at a level of 27,360 points.
While the broader NSE index NIFTY50 rose by 98 points, to 17,142 levels. While, the Bank Nifty is currently trading at a level of 39,646 zooming by 235 points.
On March 14, the foreign portfolio investors (FPIs) turned out the net sellers of shares worth Rs 3,086.96 crores and the domestic institutional investors (DIIs) turned out the net buyers of shares worth 2,121.94 crores.
Following is the list of Penny Stocks that got locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions: