Watch out for these penny stocks locked in the upper circuit on May 26

Kaustubh Bhosale
Watch out for these penny stocks locked in the upper circuit on May 26

BSE Sensex trades on a negative note falling by 224 points to 53,524.99 at 11.05 am.

In early trade, the domestic equity benchmarks reversed gains and traded with losses. Nifty fell below 16,000 points. For the fourth session in a row, FMCG stocks have fallen. Amid heightened volatility and jittery investor sentiments, Asian markets stagnated.  

  

BSE Sensex trades on a negative note falling by 224 points to 53,524.99 at 11.05 am. S&P BSE Midcap index also slipped 218 points and trades at 21,610.13 levels. S&P BSE Smallcap plummeted 408 points and trades at 24,714.94 levels. Sensex Top Gainers include Infosys (1.07 per cent), HDFC Bank (1.07 per cent), TCS (0.99 per cent), ICICI Bank (0.88 per cent), and Wipro (0.80 per cent).   

   

Likewise, Nifty 50 index declined by a margin of 99 points and is trading at 15,926.80 levels. Bank Nifty, on the contrary, gained 123 points and is at a level of 34,462.80. The top gainers on Nifty 50 are HDFC Bank (0.99 per cent), Infosys (1.11 per cent), Axis Bank (0.93 per cent), TCS (0.88 per cent), and ICICI Bank (0.83 per cent).  

   

Foreign portfolio investors (FPIs) sold shares worth Rs 1,803.06 crore on May 25 while the domestic institutional investors (DIIs) bought shares worth Rs 2,229.82 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  

Glittek Granites  

3.31  

9.97  

2  

Sea TV Network  

3.36  

5  

3  

Croissance  

5.89  

4.99  

4  

Mukat Pipes  

7.8  

4.98  

5  

Swadeshi Polytex  

7.84  

4.95  

6  

Bihar Sponge Iron  

9.57  

4.93  

7  

Zenith Steel Pipes & Industries  

8.34  

4.91  

8  

Royal Cushion Vinyl Products  

8.16  

4.88 

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