Penny Stocks Locked in the Upper Circuit on May 19, 2022

Penny Stock Update

by 5paisa Research Team Last Updated: Dec 09, 2022 - 02:42 pm 27.4k Views

Sensex and Nifty are trading with deep cuts in the morning trading session.

Overnight, poor results from giant US companies pulled the indices into red territories. Release of fresh inflation data created worries among investors that led to heavy selling of US stocks. Nasdaq ended sharply lower by 4.73%. The Dow Jones Industrial Average gave up more than 3.5% and S&P 500 declined 4.04%. Heavy selling was seen in the case of Target Corporation amid poor financial performance and stock slumped by 24.93%.

List of Penny Stocks Today: May 19

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

Sr No  

Stock Name  


Price Change (%)  


Libord Finance Ltd  




Rose Merc. Ltd  




Archana Software Ltd  




Zenith Steel Pipes and Industries Ltd  




Impex Ferro Ltd  



On similar lines, Asian markets too tanked amid weak global cues. Hong Kong’s Hang Seng and Japan’s Nikkei 225 were trading downwards 2.59% and 1.82%, respectively.

At 11:20 am, the Nifty 50 was trading at 15,923.60, down by 1.95%. The only gainers in the Nifty 50 pack were ITC Ltd and Eicher Motors. On the other hand, the top losers were Tech Mahindra, Infosys and HCL Technologies Ltd. Nifty Bank was at the level of 33,575.45, tanked by 1.72%. No single bank was trading in green territory. Whereas, highly affected banks were Bandhan Bank, IndusInd Bank and Bank of Baroda.

Sensex was trading at a level of 53,021.60, downwards by 2.20%. Whereas, BSE Midcap index was trading at a level of 22,190.90, down by 2.12%. BSE Smallcap index fell by 1.67% and was trading at a level of 25,962.56. The only good performer on Sensex was ITC Ltd. Stocks pulling down the index were Tech Mahindra, Infosys Ltd and HCL Technologies.

On the sectoral front, all the indices were trading in red, with BSE IT, BSE Teck and BSE Metals being the worst-performing sectors.  

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