Penny Stocks Locked in the Upper Circuit on September 1, 2022

penny stock

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-09-01T13:05:21+05:30

Bears are back on Dalal Street dragging down the indices with stocks in the IT and technology sector getting hammered the most. 

Overnight, US stocks concluded the month with their fourth consecutive daily drop due to concerns over the Federal Reserve's rapid interest rate hikes. The pressure in the technology industry, specifically among chipmakers, caused Wall Street indices to close lower.

List of Penny Stocks Today: September 1, 2022

Following is the list of penny stocks locked in the upper circuit on September  1. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

PAE Ltd  

7.75  

19.97  

2  

Reliance Home Finance  

4.45  

19.95  

3  

GVK Power and Infrastructure  

4.18  

10  

4  

Janus Corporation   

8.2  

9.92  

5  

CNI Research   

2.88  

9.92  

6  

Mukta Agriculture   

5.56  

9.88  

7  

RCL Retail Ltd  

4.12  

9.87  

8  

Virgo Global   

1.41  

9.3  

9  

Patidar Buildcon  

8.61  

5  

10  

Super Fine Knitters   

6.51  

5  

The Nasdaq Composite declined 0.56%, The Dow Jones Industrial Average fell 0.88%, and the S&P 500 slipped 0.78%. The rupee depreciated in the opening session, falling to 79.66 against the US dollar due to the strength of the American currency. 

The Indian headline indices started off with heavy losses. In accordance with the US IT and technology industry, Indian IT and tech stocks suffered the highest losses. Additionally, the BSE Energy and BSE Oil and Gas constituents experienced declines. Stocks in the real estate and telecom sectors were helping the indices by posting modest gains. 

At 12:25 pm, the BSE Sensex plunged 0.96%, reaching a level of 58,967. The Nifty 50 index fell 0.88% to 17,602 level. The biggest gainers on the Sensex were Bajaj Finserv, Asian Paints and Bharti Airtel, while Tata Consultancy Services, Infosys and Hindustan Unilever Ltd were the top losers.  

In the broader markets, the BSE Midcap index added 0.44% and was trading at a level of 25,519, while the Smallcap index advanced 0.50% and was trading at a level of 28,792. 

Explore List of Penny Stocks

Learn More About: What are Penny Stocks?

 

Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

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

Disclaimer

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. Also, The

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number