Penny Stocks Locked in the Upper Circuit on July 12, 2022

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Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-08T18:56:58+05:30

Domestic indices join the global stock rout on recession fears. 

Monday's market in the United States was a bloodbath. Major Wall Street indices fell on fears of lower corporate profits as a result of rising inflation. The Nasdaq Composite Index slumped by 2.26%, Dow Jones Industrial Average declined 0.52%, whereas S&P 500 slipped 1.15%. Twitter shares plunged over 11% after Elon Musk announced that he would terminate his $44 billion deal to buy the social media platform. Twitter said it would sue Musk to compel him to make the purchase.

List of Penny Stocks Today: July 12

Following is the list of penny stocks locked in the upper circuit on July 12. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Shiva Granito Export  

3.3  

10  

2  

Skyline Millars Ltd  

9.87  

5  

3  

Rajasthan Gases  

8.82  

5  

4  

Mediaone Global Entertainment  

8.19  

5  

5  

Vallabh Steels   

6.72  

5  

6  

Systematix Securities  

6.3  

5  

7  

Ramasigns Industries  

5.46  

5  

8  

ISF Ltd   

4.41  

5  

9  

Tilak Ventures Ltd  

3.15  

5  

10  

Archana Software Ltd  

2.1  

5  

Tracking the weakness from the global markets, the Indian domestic indicators opened lower. At 11:40 am, the Nifty 50 was trading at the 16,124.65 level, falling by 0.56%. On the Nifty 50 index, the top gainers were Apollo Hospitals, NTPC Ltd and Adani Ports and Special Economic Zone whereas; Hindalco Industries, Eicher Motors and Titan were the top losers of the session.

Sensex was trading at a level of 54,113.67, declining by 0.52%. The top gainers were NTPC Ltd, Bharti Airtel and Wipro whereas; Titan, Tata Steel and Mahindra and Mahindra were the top draggers of the session.

The rupee weakened sharply to an all-time low of 79.58 against the US dollar. To promote global trade growth and to support rising global interest in the rupee, RBI announced the creation of a mechanism to settle international trade in rupees.

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