Top 10 Penny Stocks Gainers Today - May 23, 2022

Penny Stock Update

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:05 pm 27.4k Views
Listen icon

Nifty closed below 16,250 as metal stocks plunge. 
 

 

Top 10 Gainers Penny Stocks Today: May 23

Following Table Shows Penny Stocks That Gained Most on Monday

Sr No.  

Stock Name  

LTP  

change  

% change  

1  

LGB Forge  

10.9  

0.95  

9.55  

2  

PBA Infrastructure  

11.95  

0.65  

5.75  

3  

Jyoti Structures   

18.05  

0.85  

4.94  

4  

Supreme Infrastructure India  

11.7  

0.55  

4.93  

5  

Imagicaaworld Entertainment  

13.95  

0.65  

4.89  

6  

McNally Bharat Engineering Company  

4.3  

0.2  

4.88  

7  

Future Enterprises  

7.75  

0.35  

4.73  

8  

Zenith Steel Pipes & Industries   

6.65  

0.3  

4.72  

9  

Onelife Capital Advisors  

12.45  

0.55  

4.62  

10  

Raj Rayon Industries  

7.95  

0.35  

4.61  


On Monday, domestic equity benchmarks finished near the flat line, with a slight bearish tilt. Nifty fell below 16,250 points. While metal equities were heavily discounted, IT and auto companies ended the day in the black. The barometer index, the S&P BSE Sensex, fell 37.78 points, or 0.07%, to 54,288.61, according to preliminary closing data. Nifty 50 index fell 51.45 points to 16,214.70, or 0.32%. 

The S&P BSE Mid-Cap index declined 0.26%, while the S&P BSE Small-Cap index fell 0.64% in the wider market. The market breadth, which indicates the market's overall health, was negative. The BSE saw 1,429 equities rise and 1,982 fall, and 166 shares remained unchanged. Inflation concerns, impending expectations of fast interest rate rises, and a weakening global economic outlook all weighed on investors' minds. 

Today, the Nifty Metal index fell 8.14% to 5241.6. Over the last month, the index has dropped 19.00%. Jindal Steel & Power Ltd plummeted 17.39%, Jindal Stainless (Hisar) Ltd down 15.65%, and JSW Steel Ltd fell 13.24% among the members. Over the previous year, the Nifty Metal index has gained by 3.00%, compared to a 6.85% increase in the benchmark Nifty 50 index. The Nifty Commodities index fell 3.42% on the day, while the Nifty Auto index rose 1.84%. In today's wide market, the Nifty 50 was down 0.32% to end at 16214.7, while the SENSEX fell 0.07% to settle at 54288.61 levels.

Explore List of Penny Stocks

Learn More About: What are Penny Stocks?

How do you rate this blog?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

oda_gif_reasons_colorful

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 substant
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Wrap-up: Tata Tech's Dazzling IPO Debut & the Tax Tale

In the heart of the bustling Indian stock market, a tale of triumph unfolded on November 30th, as Tata Technologies made an awe-inspiring debut. The curtains lifted at ₹1,200 apiece on the National Stock Exchange (NSE), casting a premium spell of 140% over the issue price of ₹500 per share. This stellar entry marked the grandest listing since November 2021, echoing through the financial corridors with waves of excitement.

Stock In Action: JSW Steel

Movement of the Day Analysis 1.    Strengths: Strong Momentum: Price above short, medium and long term from 5 days to 200 days respectively. 2.    Positive break-out. 

Swing Trading Stocks: Week of 11 December 2023

Swing Trading Stocks for the Week