Watch out for these penny stocks that are locked in the upper circuit on June 02

Kaustubh Bhosale
Watch out for these penny stocks that are locked in the upper circuit on June 02

The benchmark indices are trading flat erasing the morning gains.

On Friday, Indian equities experienced volatile trading as robust monthly sales lifted auto stocks and investor demand for riskier assets increased on predictions that the U.S. Federal Reserve could delay raising interest rates.

 

As of 10:40 am, the BSE Sensex is trading at 62,470 levels, seeing a gain of 41 points. The S&P BSE Mid-Cap increased by 110 points and is trading at a level of 27,241 points. The Small-Cap index also jumped by 211 points and is trading at a level of 30,923. The NSE index NIFTY50 gained slightly by 17 points and is trading at a level of 18,504. The Bank Nifty similarly scaled up by 94 points to a level of 43,884.

 

On June 01, foreign portfolio investors sold securities worth Rs 71.07 crores, and domestic institutional investors (DIIs) were the net buyers of shares worth Rs 488.93 crores.

 

DSIJ offers a service 'Tiny Treasure' with recommendations for small-cap and micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then download the product details PDF here.

 

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

 

Stock Name

LTP

Circuit Limit %

Kaushalya Infrastructure Dev Corp

6.33

9.9

Sibar Auto Parts

8.78

9.89

Country Condo's

4.81

9.82

Reliance Communications

1.26

5

Gayatri Projects

5.25

5

Lords Ishwar Hotels

9.66

5

Setco Automotive

6.73

4.99

Reliance Home Finance

3.19

4.93

Shree Global Tradefin

8.95

4.92

White Organic Agro

6.63

4.91

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