Penny Stocks Locked in the Upper Circuit on May 24, 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 rallied amid positive global cues and were lifted by tech stocks like Apple Inc and Microsoft Corporation.  

List of Penny Stocks Today: May 24

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

Sr No  

Stock Name  


Price Change (%)  


Kuwer Industries Ltd  




Sea TV Network Ltd  




Svarnim Trade Udyog Ltd  




Future Enterprises Ltd  




JR Foods Ltd  



The Dow Jones Industrial Average and S&P 500 surged 1.98% and 1.86%, respectively. Similarly, Nasdaq was also trading in the green territory with a gain of 180.66 points or 1.59%. 

All the benchmark Asian indicators were trading in red. Hong Kong’s Hang Seng and China’s Shanghai SE Composite Index fell more than 1%. With the same impact, Sensex and Nifty 50 were also trading downwards. 

At 10:30 am, the Nifty 50 was trading at the 16,137.25 level, down by 0.48%. The top gainers in the Nifty 50 pack were Power Grid Corporation of India, Mahindra and Mahindra Ltd and Dr Reddy’s Laboratories. On the other hand, top losers were Divi’s Laboratories, Grasim Industries and Hindustan Unilever Ltd. Nifty Bank was at the level of 34,264.30, edged up by 0.05%. The top performers were State Bank of India, IndusInd Bank and Kotak Mahindra Bank. 

Sensex was trading at a level of 54,133.76, down by 0.29%. BSE Midcap index was trading at a level of 22,325.92, slipped by 0.55%. BSE Smallcap index fell by 0.61% and was trading at a level of 26,023.56. The top performers of Sensex were Power Grid Corporation of India, Mahindra and Mahindra Ltd and Dr Reddy’s Laboratories. And, stocks pulling down the index were Hindustan Unilever Ltd, Bajaj Finserv and Infosys Ltd.  

On the sectoral front, all of the indices were trading in red, with BSE IT and BSE Teck being the most affected sectors.

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About the Author

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


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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