Top 10 Penny Stocks Gainers Today - September 7, 2022

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Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-09-07T17:36:12+05:30

Domestic equity markets witnessed a volatile trading session on Wednesday. Broader markets failed to record gains and ended with losses. Midcap and Smallcap stocks relatively outperformed broader markets. 

On Wednesday, Nifty 50 and Sensex recorded losses of 0.18% and 0.28% to close the trading session at 17,624.4 and 59,028.9 respectively. Top large-cap gainers include Shree Cements, Ultratech Cements, Adani Ports and Coal India. Top losers comprise Tata Motors, Bajaj Auto and IndusInd Bank.

List of Penny Stocks Today: September 7

Following Table Shows Penny Stocks That Gained Most on September 7

Company Name  

LTP  

chng  

%chng  

Sambhaav Media  

5.4  

0.9  

20  

Inventure Growth & Securities   

3.5  

0.55  

18.64  

AJR Infra & Tolling  

1.95  

0.15  

8.33  

Visesh Infotecnics  

0.7  

0.05  

7.69  

Sanwaria Consumer  

0.8  

0.05  

6.67  

Vikas Proppant & Granite  

0.9  

0.05  

5.88  

Punj Lloyd   

2.1  

0.1  

5  

Andhra Cements   

7.4  

0.35  

4.96  

Nagarjuna Fertilizers & Chemicals  

9.55  

0.45  

4.95  

Ruchi Infrastructure  

9.55  

0.45  

4.95  

As per a recent note by Moody's Investors Service, India's economic recovery is unlikely to be derailed by rising challenges to the global economy, higher inflation and tightening financial conditions. The reputed rating agency saw the Indian economy expanding by 7.6% in the current fiscal compared to 8.7% growth in the last financial year that ended on March 31. For 2023-24, it estimates a 6.3% GDP growth. 

As per estimates by Deutsche Bank, India's consumer price index (CPI) will stand at 6.9% year-on-year in August, while core inflation will come in at 6%. While Brent crude oil prices have recorded a steep decline in recent weeks, the favourable impact will be less reflected in the CPI as fuel items account for a very small weight. 

Coal production in India rose to 58.33 million tonnes in August 2022, up by 8.2% from the 53.88 million tonnes recorded in the corresponding period of last year. As per data from the Coal Ministry, Coal India as well as other captive mines recorded a growth of 8.49 and 27.06% respectively by producing 46.22 million tonnes and 8.02 million tonnes, respectively. Coal dispatch soared by 5.41% to 63.43 million tonnes in August 2022 compared to 60.18 million tonnes recorded in the same month last year. 

As per a recent report by Bizom, India's fast-moving consumer goods market increased 6% in value in August compared to July, reversing the past three months of consecutive sequential decline, as demand for personal care and commodity products picked up. 

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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. Also, The

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