Penny Stocks Locked in the Upper Circuit on July 4, 2022

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by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 23.3k Views
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Sensex gives up 53,000, Nifty near 15,700 dragged by metal stocks 

Economist Nouriel Roubini, who is known as ‘Dr. Doom’ for his forecast of the 2008 global recession, warned that the world's major economies including the US are heading towards a "stagflationary debt crisis", which may lead to the equity market crash by around 50%.

List of Penny Stocks Today: July 4

Following is the list of penny stocks locked in the upper circuit on July 04. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Nihar Info Global  

9.55  

9.9  

2  

Polytex India  

3.56  

9.88  

3  

Vision Corporation  

2.23  

9.85  

4  

Karan Woo-Sin Ltd  

2.52  

5  

5  

Mahavir Industries  

1.26  

5  

6  

Sagar Productions  

2.52  

5  

7  

Ramchandra Leasing and Finance  

2.52  

5  

8  

Krishna Filament Industries   

6.74  

4.98  

9  

Ventura Textiles Ltd  

5.27  

4.98  

10  

Soma Textiles and Industries  

6.75  

4.98  

On Friday, all the major indices bounced back ahead of second-quarter earnings, anticipated US inflation data and Federal Reserve’s monetary policy. The Dow Jones Industrial Average advanced 1.05% while S&P 500 rose 1.06%. The Nasdaq Composite too advanced by 0.90%.

Indian benchmark indices were trading sideways after trimming early gains. At 11:10 am, the Nifty 50 was trading at the 15,731.85 level, fell by 0.13%. On the Nifty 50 index, the top gainers were IndusInd Bank, Power Grid Corporation of India and ITC Ltd whereas; Oil and Natural Gas Corporation, Hindalco Industries and Tata Steel Ltd were the top losers of the session.

Sensex was trading at a level of 52,911.88, edged up by 0.02%. The stocks trading in the green were IndusInd Bank, Power Grid Corporation of India and ITC Ltd. Tata Steel, Mahindra and Mahindra and TCS were the top draggers of the session. Motor and General Finance Ltd and Olympic Cards Ltd were the top gainers on the BSE as these stocks rallied and locked up in the 20% upper circuit.

The rupee depreciated to 79.03 against the US dollar. Despite the government’s measures to check the widening of the current account deficit (CAD), the rupee is unlikely to get any major support due to high crude oil prices and huge selling by foreign investors.

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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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