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

Kaustubh Bhosale
Watch out for these penny stocks locked in the upper circuit on May 12

On Thursday, Sensex and Nifty traded down, reflecting sluggish global markets.

On Thursday, Sensex and Nifty traded down, reflecting sluggish global markets. At the time of the opening bell, the banking, financial, utilities, power, and metal companies weighed the most. Inflation risk has moved investors' concerns, and it continues to be a big barrier for the Indian as well as the global markets. Meanwhile, Consumer Price India (CPI) inflation data will be released later today by the government. The market's overall health was poor. Around 439 equities increased on BSE while 1,965 declined. CPI inflation figures for April 2022 will be released by the government later today. In addition, Morgan Stanley lowered India's GDP growth predictions for FY23 & FY24 to 7.6 per cent, citing increased crude oil costs and the global slowdown.  

  

S&P BSE Sensex plummeted 765 points to 53,323.32 at 10.35 am. S&P BSE Midcap index also nosedived by 369 points and trades at 21,771.27 levels. S&P BSE Smallcap dipped 326 points and trades at 25,169.50 levels. Sensex Top Gainers include HCL Technologies (0.77 per cent), TCS (0.45 per cent), and Tech Mahindra (0.09 per cent).   

   

Nifty 50 index dropped sharply by 257 points and is trading at 15,909.25 levels. Bank Nifty also saw a huge decline of 723 points at a level of 33,970.05. The top gainers on Nifty 50 are TCS (0.51 per cent), HCL Technologies (0.46 per cent), and Tech Mahindra (0.25 per cent).  

   

Foreign portfolio investors (FPIs) sold shares worth Rs 3,609.35 crore on May 11 while the domestic institutional investors (DIIs) bought shares worth Rs 4,181.20 crore.   

   

Following is the list of Penny Stocks that got locked in the upper circuit on Thursday. Keep a close eye on these counters for the upcoming sessions:     

   

Sr. no.  

Stock name  

LTP  

Circuit limit (per cent)  

1  

Universal Office Automation Ltd  

3.99  

5  

2  

Mehta Integrated Finance Ltd  

7.35  

5  

3  

Vikalp Securities  

7.58  

4.99  

4  

Starlite Components Ltd  

6.77  

4.96  

5  

VB Industries Ltd  

8.46  

4.96  

6  

Ramgopal Polytex  

8.68  

4.96  

7  

Raj Rayon Industries Ltd  

8.88  

4.96  

8  

Sulabh Engineers  

9.33  

4.95  

9  

BLS Infotech Ltd  

5.97  

4.92 

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