These penny stocks were locked in the upper circuit on 16-May-2023

These penny stocks were locked in the upper circuit on 16-May-2023

by Tanushree Jaiswal Last Updated: May 16, 2023 - 11:34 am 174 Views

The Indian benchmark indices were trading lower with BSE Realty Index being the top-gaining sector whereas BSE Financial Services Index was the top-losing sectoral index.  

On Tuesday, the benchmark indices were trading lower with Sensex down around 70 points or 0.11% at 62,278 and the Nifty trading down by 25 points or 0.14% at 18,376. 

About 2,081 shares have advanced, 1,138 have declined and 144 were unchanged on BSE.  

Top Gainer & Losers on BSE: 

Bajaj Finance, Infosys and Asian Paints were the top Sensex gainers today, while Mahindra & Mahindra, HDFC Bank and Housing Development Corporation of India were the top Sensex loser. 

The indices traded in a higher manner in the broader markets, with the BSE Mid-cap index up by 0.95% and the BSE Small-cap index up by 0.60%, respectively. The top mid-cap gainers are Astral Ltd and Tube Investments of India, while the top small-cap gainers were Repro India and Vesuvius India.

On May 16, the below penny stocks were locked in the upper circuit. Keep a watch on them for upcoming trading sessions: 

Sr. No 

Company Name 

LTP (Rs) 

% Change in Price 

Supermex Shine Steels Ltd 



Hindustan Bio Science Ltd 



Continental Controls Ltd 



Sagar Productions Ltd 



SVS Ventures Ltd 



EL Forge Ltd 



Vintron Informatics Ltd 



NB Footwear Ltd 



NEO Infracon Ltd 




Howard Hotels Ltd 



The indices were trading mixed on the sectoral front, with the BSE Realty Index leading the gainers and BSE Financial Services Index being the losing sector. The BSE Realty Index soared by 0.80%, led by Godrej Properties and DLF Ltd whereas BSE Financial Index plunged by 0.10% dragged down by JM Financials and URGO Capital. 

In the pre-opening session, these 3 stocks were trending: Astral Ltd, Housing & Urban Development Corporation and Mazagon Dock Shipbuilders Ltd.

Explore List of Penny Stocks

Learn More About: What are Penny Stocks?


How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


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

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Outlook on Gold - 9 Jun 2023

Gold traded sideways after a 1% climb in the previous session, although gold headed for second straight weekly gains on bets that the U.S. Federal Reserve may pause rate hikes in its next week meeting. According to the Fed rate monitor tool, there was a 73.7% chance that the central bank will stand down from the rate hike next week. Market participants are keeping an eye on the next inflation reading due Tuesday.

  • Jun 09, 2023
Swing Trading Stocks: Week of 12 June 2023

Swing Trading Stocks for the Week

  • Jun 09, 2023
Weekly Market Outlook for 12 June to 16 June

In the week gone by, our markets continued its upmove during the mid-week and Nifty rallied towards 18800 mark. But it fell just short of making a new record and witnessed some profit booking towards the end of the week to end below 18600 with marginal weekly gains.

  • Jun 09, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number