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

Indian Stock Market

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:05 pm 22.1k Views

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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About the Author

5paisa Research Team

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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