Top 9 Penny Stocks Gainers Today - May 11, 2022

Penny Stock Update

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:05 pm 28.4k Views
Listen icon

For the fourth day in a row, the market closes below the flat line, extending losses.

Today, the Nifty IT index fell 1.24% to 30050.25. Over the last month, the index has dropped 14.00%. L&T Technology Services Ltd lost 4.29%, Coforge Ltd increased 1.98%, and Larsen & Toubro Infotech Ltd fell 1.88% among the members.


Top 9 Gainers Penny Stocks Today: May 11


Following Table Shows Penny Stocks That Gained Most on Wednesday

Sr No.  

Stock Name  

LTP  

change  

% change  

1  

Mittal Life Style Ltd  

12.5  

1.1  

9.65  

2  

Nila Spaces Ltd  

4.2  

0.35  

9.09  

3  

Raj Rayon Industries Ltd  

5.55  

0.25  

4.72  

4  

Grand Foundry Ltd  

3.35  

0.15  

4.69  

5  

Kavveri Telecom Products Ltd  

11.2  

0.5  

4.67  

6  

Tamilnadu Telecommunications Ltd  

9.05  

0.4  

4.62  

7  

Impex Ferro Tech Ltd  

5.8  

0.25  

4.5  

8  

Zenith Steel Pipes & Industries Ltd  

4.65  

0.2  

4.49  

9  

Landmark Property Development Co Ltd  

7.2  

0.3  

4.35  


In comparison to the benchmark Nifty 50 index, the Nifty IT index has increased by 15.00% in the last year. The Nifty Auto index has fallen 0.91% on the day, while the Nifty PSE index has fallen 0.81%. The Nifty 50 index closed down 0.45% to settle at 16167.1 today, while the SENSEX index fell 0.51% to close at 54088.39.

Today the stocks in Spotlight were: Gujarat Gas has increased by 6.40%. In Q4 FY22, the company recorded a 30.5% increase in standalone net profit to Rs.453.28 crore. The stock of Max Financial Services (MFSL) increased by 3.78%. MFSL reported an 88.8% increase in consolidated net profit to Rs.117.68 crore in Q4 FY22. The stock of Ensar Technologies increased by 3.21%. The IT firm recorded a 42.8 percent increase in consolidated net profit to Rs.129.90 crore in Q4 FY22.

The stock of Kalyan Jewellers India increased by 14.07%. In Q4 March 2022, the company's consolidated net profit dropped 2.55% to Rs.72.29 crore, owing to a 6.53% drop in net sales to Rs 2,857.06 crore, compared to Q4 March 2021. Balaji Amines increased by 7.82%. Balaji Amines' consolidated net profit increased by 29% to Rs.108.72 crore in Q4 FY22.
 

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

By proceeding, you agree to the T&C.

Latest Blogs
Weekly Outlook on Copper - 01 December 2023

Copper prices saw a modest 0.33% gain, reaching 722 on Thursday, as worries about a slowdown in Chinese manufacturing loomed large. The November's NBS Manufacturing PMI slipped to 49.4, the second consecutive monthly decline, heightened concerns, emphasizing the need for additional government support to fortify China's economic growth. The NBS Non-Manufacturing PMI at 50.2, reflecting the 11th month of service sector expansion, hinted at a softer pace.

Swing Trading Stocks: Week of 04 December 2023

Swing Trading Stocks for the Week

Weekly Market Outlook for 04 December to 08 December

Our markets started the truncated week on a positive note and it rallied higher throughout the week. The first day of the December month infact witnessed a new record as the Nifty surpassed its previous high and ended in uncharted territory above 20250 with weekly gains of almost two and a half percent.