Penny Stock Update: These shares gained almost up to 20% on June 10

Top 10 Penny Stocks Gainers Today

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-08T18:55:00+05:30

It was carnage on Dalal Street as both the headline indices lost nearly 2% each in today's trade.

The domestic equity indexes finished with hefty losses at the day's low, resuming their losing streak after a day's reprieve. The Nifty finished just above 16,200 points. The NSE's sectoral indices were all in the red at the end of the day. Significant selling pressure has been noted in financial services, computer technology, and oil and gas stocks. Investors were cautious ahead of today's release of US inflation statistics.

The S&P BSE Sensex fell 1,016.84 points to 54,303.44, or 1.84%, while the Nifty 50 index lost 276.30 points to 16,210.80, or 1.68%. The S&P BSE Mid-Cap index was down 0.64%, while the S&P BSE Small-Cap index fell 0.70% in the broader market. Buyers were outnumbered by sellers. On the Bombay Stock Exchange, 1,311 shares climbed and 1,995 declined, 123 shares remained unchanged.

Today, the Nifty Financial Services index fell 2.24 % to 15847.3. Over the last month, the index has dropped by 1%. Kotak Mahindra Bank Ltd, Bajaj Finance Ltd, and Cholamandalam Investment & Finance Company Ltd were among the members that slid 3.94%, 3.92%, and 3.82%, respectively. Over the last year, the Nifty Financial Services index has dropped 5.00%, compared to a 2.95% growth in the benchmark Nifty 50 index. On the other hand, the Nifty IT index is down 2.17% on the day, while the Nifty Services Sector index is down 2.12%.

The Dow Jones futures were down 62 points, signalling that the US stock market would open lower today. European markets slumped across the board on Friday, while most Asian stocks also dipped as investors awaited the release of US inflation data later in the day.

Following Table Shows Penny Stocks That Gained Most on Friday 

Sr No.  

Stock Name  

LTP  

Change  

% Change  

1  

Lypsa Gems & Jewellery  

7.2  

1.2  

20  

2  

Tree House Education and Accessories  

16.3  

1.45  

9.76  

3  

Sanco Industries   

10.35  

0.9  

9.52  

4  

Ortel Communications  

1  

0.05  

5.26  

5  

DCM Financial Services  

4.2  

0.2  

5  

6  

Reliance Naval and Engineering  

3.15  

0.15  

5  

7  

Ankit Metal & Power  

8.5  

0.4  

4.94  

8  

BLB LIMITED  

19.2  

0.9  

4.92  

9  

Parenteral Drugs (India)  

3.2  

0.15  

4.92  

10  

Digicontent  

12  

0.55  

4.8  

Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number