Penny Stocks Locked in the Upper Circuit on September 5, 2022

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Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-09-05T12:36:31+05:30

Indian domestic indices continue to trade strongly despite weakness in Asian markets. 

Due to weak cues, US stocks ended the trading week on Friday in the negative. In August, American employers reduced hiring as a result of high inflation, rising interest rates, and slow consumer spending, all of which have dimmed the outlook for the economy. According to data released by the US government, 3,15,000 jobs were created in August, down from 5,26,000 in July. 

List of Penny Stocks Today: September 5, 2022

Following is the list of penny stocks locked in the upper circuit on September  5. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Wagend Infra Venture  

1.35  

19.47  

2  

SDC Techmedia Ltd  

8.3  

9.93  

3  

Reliance Home Finance  

5.87  

9.93  

4  

RCL Retail Ltd  

4.98  

9.93  

5  

Virgo Global   

1.7  

9.68  

6  

Trimurthi Ltd  

9.45  

5  

7  

Jayatma Industries  

8.82  

5  

8  

Edynamics Solutions  

1.47  

5  

9  

Omansh Enterprises  

1.26  

5  

10  

Eureka Industries  

5.47  

4.99  

Amidst tensions between Russia and Europe and a slowing economy, the majority of Asian indices were trading lower. SGX Nifty indicated a negative opening for the broader index in India. Indian benchmark indices, however, had a strong start to the day. 

At 11:55 am, the BSE Sensex advanced 0.65%, reaching a level of 59,187. The Nifty 50 index gained 0.60% to the 17,644 level. The biggest gainers on the Sensex were HCL Technologies, Tata Steel and NTPC Ltd, while Wipro, Nestle and Mahindra and Mahindra were the top losers.  

In the broader markets, the BSE Midcap index rose 0.41% and was trading at a level of 25,567, while the Smallcap index climbed 0.83% and was trading at a level of 29,041. BSE Metals was the top-gaining sector, up nearly 1.5%, led by Hindalco Industries. Telecom, consumer durables, and banking stocks all experienced gains. 

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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.

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