Penny Stocks Locked in the Upper Circuit on May 23, 2022

Penny Stock Update

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-08T18:53:53+05:30

Overnight, the Wall Street indices seesawed as benchmark indicators S&P 500 and Dow Jones Industrial Average edged up by 0.01% and 0.03%, respectively, whereas, Nasdaq composite fell 0.30%.


List of Penny Stocks Today: May 23

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

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Amit International Ltd  

5.25  

5  

2  

Twinstar Industries Ltd  

1.89  

5  

3  

Adcon Capital Services Ltd  

1.68  

5  

4  

Landmark Property Development Company  

8.13  

4.97  

5  

Impex Ferro Tech Ltd  

9.59  

4.92 


Considering Asian markets, indices faced mixed sentiments amid high inflation and rising interest rates. Most of the leading indices were trading in green territory except Hong Kong’s Hang Seng and China’s Shanghai SE Composite Index. SGX Nifty indicated a flat opening with a gain of 5 points. With the same impact, Sensex and Nifty 50 were also trading sideways. 

At 10:30 am, the Nifty 50 was trading at 16,323.05 level, up by 0.35%. The top gainers in the Nifty 50 pack were Maruti Suzuki, Titan Company Ltd and Mahindra and Mahindra Ltd. On the other hand, top losers were Tata Steel, JSW Steel and Hindalco Industries. Nifty Bank was at the level of 34,583.15, jumped by 0.89%. The top performers were AU Small Finance Bank, Kotak Bank and IndusInd Bank. Only Bank of Baroda was trading downwards. 

Sensex was trading at a level of 54,597.48, up by 0.50%. Whereas, BSE Midcap index was trading at a level of 22,659.59, jumping by 0.68%. BSE Smallcap index rose by 0.41% and was trading at a level of 26,458.38. The top performers of Sensex were Maruti Suzuki, Mahindra and Mahindra and Titan Company Ltd. Stocks pulling down the index were Tata Steel, ITC Ltd and Power Grid Corporation of India. 

On the sectoral front, most of the indices were trading in green, with BSE Auto and BSE Realty being the top performers. BSE Metal fell more than 7% and stocks pulling down the index were Jindal Steel (15.44%), Tata Steel (11.30%) and JSW Steel Ltd (11.25%).

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About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

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