Penny Stocks Locked in the Upper Circuit on September 22, 2022

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Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-09-22T12:23:41+05:30

The Indian benchmark indices trade lower, dragged down by stocks in finance, banking, and energy. 

Overnight, Wall Street indices rose in early trading ahead of a Federal Reserve meeting but dropped sharply as the Fed announced a 75-basis-point interest rate hike to combat the surging inflation. The Nasdaq Composite Index plunged 1.79%, Dow Jones Industrial Average slipped 1.70%, and the S&P 500 lost 1.71%. 

The global economic downturn was reflected in all of the major Asian markets, which were all trading lower. The SGX Nifty indicated a gap-down opening for the broader index in India. As was predicted, the Indian headline indices started off lower, with the biggest drags being the stocks in the financial, banking, and energy sectors.

List of Penny Stocks Today: September 22, 2022

Following is the list of penny stocks locked in the upper circuit on September  22. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Kaushalya Infrastructure   

4.96  

9.98  

2  

Ridings Consulting Engineers   

8.16  

9.97  

3  

Filatex Fashions  

9.17  

9.95  

4  

TeleCanor Global   

8.52  

9.94  

5  

EPIC Energy  

8.82  

5  

6  

Heera Ispat  

4.41  

5  

7  

Restile Ceramics  

3.78  

5  

8  

Vikalp Securities  

7.99  

4.99  

9  

Symbiox Investment & Trading  

6.31  

4.99  

10  

Archana Software   

4.63  

4.99  

At 12:00 pm, the BSE Sensex fell 0.88%, reaching a level of 58,934. The Nifty 50 index declined 0.93% to the 17,552 level. On the Sensex, Dr Reddy’s Laboratories, ITC Ltd and Hindustan Unilever Ltd were the top gainers, whereas Bajaj Finserv, Power Grid Corporation of India and Axis Bank were the market draggers.

In the broader markets, the BSE Midcap index lost 0.62% and was trading at a level of 25,618 while the Smallcap index fell 0.36% and was trading at a level of 29,132.

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