Penny Stocks Locked in the Upper Circuit on July 18, 2022

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Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-08T18:58:00+05:30

The rupee strengthens as investor optimism is boosted by a good trend in the domestic market, led by IT stocks.

Wall Street indices closed significantly higher on Friday, finishing off many days of losses with a rally driven by optimistic results, robust economic data, and reducing fears of a larger-than-expected Federal Reserve interest rate hike. Only Citigroup Inc outperformed revenue estimates among the four major banks that released second-quarter results this week, sending its stock up 13%. The rupee rose 6 paise to 79.76 against the US dollar in early trade, as investor optimism was boosted by a strong trend in domestic markets.

List of Penny Stocks Today: July 18

Following is the list of penny stocks locked in the upper circuit on July 18. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Regency Fincorp  

7.68  

20  

2  

Tarapur Transformers Ltd  

4.07  

10  

3  

First Fintec Ltd  

6.09  

5  

4  

Lypsa Gems & Jewellery Ltd  

5.88  

5  

5  

IO System Ltd  

5.04  

5  

6  

Quantum Digital Vision India  

4.41  

5  

7  

Risa International Ltd  

0.84  

5  

8  

Quasar India  

8.42  

4.99  

9  

HB Leasing And Finance  

5.26  

4.99  

10  

Hindustan Fluorocarbons  

9.49  

4.98  

At 11:15 am, the Nifty 50 was trading at the 16,208.05 level, surging 1%. On the Nifty 50 index, the top gainers were Tech Mahindra, Infosys and Hindalco Industries Ltd whereas; Britannia Industries Ltd, HDFC Bank and HDFC were the top losers of the session. 

Sensex was trading at a level of 54,277.29, gaining 0.96%. The top gainers were Tech Mahindra, Infosys and UltraTech Cement Company whereas; HDFC Bank, HDFC and Mahindra and Mahindra were the top draggers of the session. 

The FIIs sold equity worth Rs 1,649.36 crore during the most recent trading session, while the DIIs bought stock worth Rs 1,059.46 crore. Foreign investors were cautious of the Indian equity market and have already withdrawn more than Rs 7,400 crore this month as a result of the continuing rise of the currency and growing worries about a US recession. 

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