Watch out for these penny stocks that are locked in the upper circuit on May 31

Kaustubh Bhosale
Watch out for these penny stocks that are locked in the upper circuit on May 31

On May 31, Indian indices opened on a lower note due to heavy selling in index pivotals at the bourses.

On the Nifty, notable gainers included HDFC Life, HCL Technologies, Sun Pharma, Tata Motors, and Eicher Motors, while notable losers included SBI, Hindalco, Coal India, Adani Enterprises, and JSW Steel. Investor confidence suffered as poor economic data from China raised new worries about slow demand and a sluggish rebound in the world's second-largest economy.

 

As of 10:30 am, the BSE Sensex is trading at 62,630 levels, seeing a decline of 338 points. The S&P BSE Mid-Cap increased by 37 points and is trading at a level of 26,992 points. The Small-Cap index also jumped by 73 points and is trading at a level of 30,392. The NSE index NIFTY50 dropped by 89 points and is trading at a level of 18,544. The Bank Nifty likewise plunged by 356 points to a level of 44,079. On May 30, foreign portfolio investors bought securities worth Rs 853.57 crores, and domestic institutional investors (DIIs) were also net buyers of shares worth Rs 1,758.16 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 Wednesday. Keep a close eye on these counters for the upcoming sessions:

 

Stock Name

LTP

Circuit Limit %

Indian Sucrose

6.09

19.88

Prag Bosimi Synthetics

2.52

5

IND Swift

9.66

5

Jyoti Structures

9.26

4.99

Sadhna Broadcast

5.49

4.97

Viceroy Hotels

2.75

4.96

Next Mediaworks

5.37

4.88

SRM Energy

3.23

4.87

Janus Corporation

4.1

4.86

Avance Technologies

1.66

4.4

Rate this article:
3.9

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary3-Oct, 2023

Penny Stocks3-Oct, 2023

Mindshare3-Oct, 2023

Mindshare3-Oct, 2023

Bonus and Spilt Shares3-Oct, 2023

Knowledge

General30-Sep, 2023

General26-Sep, 2023

Technical25-Sep, 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.