Penny Stocks Gainers Today - October 10, 2022

penny stock

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-10-10T17:19:29+05:30

The major stock indices had modest losses on Monday.

The Nifty ended up under the 17,250 mark. All sectoral indices on the NSE traded in the red, with the exception of the Nifty IT index. Investor mood was weakened by unfavourable global indicators. The barometer index, the S&P BSE Sensex, dropped 200.18 points or 0.34% to 57,991.11 as per preliminary closing data. Nifty 50 index decreased by 73.65 points, or 0.43%, to 17,241. The S&P BSE Small-Cap index fell 0.58% while the S&P BSE Mid-Cap index fell 0.87% in the overall market.

List of Penny Stocks Today: October 10

Following Table Shows Penny Stocks That Gained Most on October 10

Symbol 

LTP 

chng 

%chng 

Magnum Ventures 

15.5 

2.55 

19.69 

Siti Networks 

1.8 

0.15 

9.09 

Gayatri Highways 

0.9 

0.05 

5.88 

Eurotex Industries And Exports 

11.55 

0.55 

MEP Infrastructure Developers 

13.7 

0.65 

4.98 

Birla Tyres 

5.3 

0.25 

4.95 

Vipul 

12.85 

0.6 

4.9 

Cyber Media India 

19.5 

0.9 

4.84 

Ravikumar Distilleries 

16.3 

0.75 

4.82 

Melstar Information Technologies 

2.2 

0.1 

4.76 

Market breadth was in the red as 2,099 shares declined and 1,460 climbed on the BSE and 170 shares remained unchanged overall. Prior to the release of its Q2 earnings, which are coming later today, the IT giant Tata Consultancy Services (TCS) saw a gain of 1.84%. The India VIX on the NSE, which measures market expectations for short-term volatility, increased 4.30% to 19.6225. To 28,027.60, the Nifty IT index increased by 1.06%. In the previous session, the index dropped by 0.70%. 

One 97 Communications (Paytm) saw a gain of 2.47%. The company said that for the quarter ending in September 2022, the lending business grew by 224% year over year (YoY). Following the announcement that its board had agreed to sell a sizable cement business, Jaiprakash Associates surged 10.47%. Gaining 9.13%, IDBI Bank was buzzing today. The bank was to be privatised, and the government requested bids. With the transfer of management control, the Government of India (Gol) has begun the process of strategic disinvesting in IDBI Bank. After the company recorded a net profit of Rs 4.52 crore in Q2 FY23 compared to a net loss of Rs 3.67 crore in Q2 FY22, shares of International Travel House increased by 12.44%.

Stocks in Europe and Asia fell on Monday after an unexpected decline in US unemployment dashed hopes of a policy reversal ahead of an inflation reading that is anticipated to show core prices rising once more.

 

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

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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.

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