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

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

Amid mixed signals from global indices, Indian benchmark indices are in the green.

India VIX slid by 4.50 percent from a high of 13.11 to 12.52. Bulls grew stronger in today's session by declining volatility. Some analyst predict US debt ceiling uncertainty and a stronger dollar may continue to weigh on investors’ sentiments. While gold slid to its lowest in two months on Thursday as optimism around the U.S. debt ceiling talks lowered safe-haven demand for bullion and robust economic data fueled bets of another rate hike by the Federal Reserve.

 

As of 10:25 am, the BSE Sensex is trading at 62,074 levels, gaining 202 points, likewise the S&P BSE Mid-Cap also increased by 101 points and is trading at a level of 26,686 points. The Small-Cap index too jumped by 104 and is trading at a level of 30,119. The NSE index NIFTY50 climbed by 62 points and is trading at a level of 18,384. The Bank Nifty, on the other hand, is in the red, down by 40 points to a level of 43,640.

 

On May 25, foreign portfolio investors bought securities worth Rs 589.10 crores, and the domestic institutional investors (DIIs) were also net buyers of shares worth 338.44 crores.

 

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

 

Here 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 %

SVS Ventures

7.99

4.99

Jyoti Structures

8

4.99

Marsons

6.36

4.95

Nova Iron and Steel

9.15

4.93

DCM Financial Services

5.13

4.91

Goyal Associates

3.02

4.86

Devine Impex

6.69

4.86

Bisil Plast

3.27

4.81

Jai Mata Glass

1.8

4.65

Ballarpur Industries

0.68

4.62

Rate this article:
3.9

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary5-Jun, 2023

Mindshare5-Jun, 2023

Interviews5-Jun, 2023

Mindshare5-Jun, 2023

Mindshare5-Jun, 2023

Knowledge

General3-Jun, 2023

General2-Jun, 2023

Fundamental28-May, 2023

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Investment in securities market are subject to market risks.Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.