Penny Stocks Locked in the Upper Circuit on August 23, 2022

penny stock

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-23T12:28:01+05:30

The markets were dragged down by IT, power, and utility companies, with Adani group stocks being among the top losers. 

Investors were nervous about aggressive signals from US Federal Reserve policymakers, which caused Wall Street indices to tumble on Monday. Due to the slowing economy, shares of major companies including Amazon, Apple, Microsoft, and Tesla plunged more than 2% each. The Nasdaq Composite slumped 2.55%, the Dow Jones Industrial Average lost 1.91%, and the S&P 500 declined 2.14%.

List of Penny Stocks Today: August 23

Following is the list of penny stocks locked in the upper circuit on August 23. Keep a close eye on these counters for the upcoming sessions.

Sr No 

Stock Name 

LTP 

Price Change (%) 

Continental Controls 

6.87 

9.92 

DCM Financial Services 

4.45 

9.88 

RCL Retail Ltd 

4.16 

9.76 

Polytex India 

3.83 

9.74 

7NR Retail 

1.74 

9.43 

Gradiente Infotainment 

8.2 

4.99 

Mukat Pipes 

7.58 

4.99 

Neil Industries 

6.94 

4.99 

Dhanada Corporation 

4.42 

4.99 

10 

Union Quality Plastics 

7.17 

4.98 

Most of the sectors were trading lower with BSE Power, BSE Utilities and BSE IT lost nearly 2% each. The power and utility sector were adversely affected by the 4-6% decline in Adani stocks including Adani Green Energy, Adani Power, and Adani Transmission. With losses of more than 4%, Mphasis Ltd and L&T Technology Services were the IT sector's biggest draggers.

At 11:30 am, the BSE Sensex lost 0.11%, reaching a level of 58,709. The Nifty 50 index fell 0.12% to 17,469 level. On the Sensex, Bajaj Finserv, Mahindra and Mahindra, and Tata Steel were the top gainers, while Tech Mahindra, Infosys and HCL Technologies were the top losers.

In the broader markets, the BSE Midcap index advanced 0.30% and was trading at a level of 24,591, while the Smallcap index rose 0.12% and was trading at a level of 27,876.

Explore List of Penny Stocks

Learn More About: What are Penny Stocks?

 

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