Top 10 Penny Stocks Gainers Today - August 24, 2022

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Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-24T17:36:19+05:30

The domestic equities benchmarks completed Wednesday's turbulent session with modest advances. 

Stocks in private banks, media, and real estate were popular. Conversely, shares of consumer durables, pharmaceuticals, and IT were under pressure. Investors eagerly anticipated Fed Chairman Jerome Powell's Friday economic symposium speech in Jackson Hole. The Nifty began trading in the negative and fell to a day's low of 17,499.25. The majority of the session saw the index trading close to its flat line. It made a slow but steady comeback and recovered in the late trading to close with modest gains.

List of Penny Stocks Today: August 24

Following Table Shows Penny Stocks That Gained Most on August 24

Sr No.  

Symbol  

LTP  

chng  

%chng  

1  

Peninsula Land  

12.4  

1.1  

9.73  

2  

B.A.G. Films and Media  

6.25  

0.55  

9.65  

3  

Shekhawati Poly-Yarn  

0.85  

0.05  

6.25  

4  

Vikas Proppant & Granite  

0.95  

0.05  

5.56  

5  

Spacenet Enterprises India  

17.95  

0.85  

4.97  

6  

IL&FS Engg & Const Company  

12.7  

0.6  

4.96  

7  

Regency Ceramics   

12.7  

0.6  

4.96  

8  

SICAL Logistics  

8.65  

0.4  

4.85  

9  

JBF Industries  

11.95  

0.55  

4.82  

10  

Shree Rama Multi Tech  

14.55  

0.65  

4.68  

The barometer index, the S&P BSE Sensex, increased by 54.13 points or 0.09% to reach 59,085.43 as per provisional closing data. To 17,604.95, the Nifty 50 index increased by 27.45 points or 0.16%. Benchmark indexes underperformed the overall market. While the S&P BSE Small-Cap index increased by 0.73%, the S&P BSE Mid-Cap index increased by 0.80%. 

Market breadth was substantial. 2,111 shares increased and 1,297 shares decreased on the BSE and 138 shares in total remained unchanged. The NSE's India VIX, a measure of the market's anticipation of short-term volatility, fell 3.25% to 18.43. To 20,153.45, the Nifty Private Bank index increased 1.71%. In two trading sessions, the index increased by 2.86%. 

On Wednesday, stocks in Europe fell while those in Asia traded mixed as investors tried to predict if the Federal Reserve would decrease the rate of monetary tightening in the face of a worsening economic slowdown. Investors in Europe will be reading the European Central Bank's summaries of its most recent discussions of monetary policy when they are released on Wednesday. In anticipation of a US Federal Reserve meeting later this week in Jackson Hole, Wyoming, investors focused on data signalling a slowing economy as Wall Street closed lower on Tuesday. 

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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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