Top 9 Penny Stocks Gainers Today - May 11, 2022

Penny Stock Update

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-08T18:52:31+05:30

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.
 

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