These penny stocks are locked in the upper circuit on Wednesday

On Wednesday, the benchmark indices are trading at day's low dragged by metals and financial stocks. Sensex is trading 178.59 points lower at 61,171.67 level and Nifty 48.4 points down at 18,220 level.

Asian Paints, Sun Pharma, Bharati Airtel, SBI and Ultatech Cement are the top 5 gainers in the Sensex group whereas Axis Bank, Bajaj Finance, Bajaj Finserv, IndusInd Bank and HUL were among the top 5 losers within the index. The stocks of HDFC Bank, Kotak Mahindra Bank and SBI have made fresh 52-week highs in Tuesday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen outperforming benchmark indices gaining 0.11% and 0.28%, respectively. Union Bank is holding the top position in the BSE Midcap index whereas, in the Smallcap space, TCI (Transport Corporation of India) is in the limelight zooming beyond 15% on Wednesday.

On the sectoral front, all the sectoral indices are trading flat with BSE Metal index rattling 1.22% in Wednesday’s trading session. The worst performing stock dragging the index is Vedanta plunging up to 4.2% followed by Jindal Steel, SAIL, NMDC and APL Apollo Tubes.

Penny stocks are a form of market traded security that attracts minimal pricing. These securities are mostly offered by companies with lower market capitalization rates. Therefore, these are also called nano-cap stocks, micro-cap stocks, and small-cap stocks, depending on the company’s market capitalization.

During the session, several penny stocks were seen outperforming the markets gaining up to 4.92%.

Following is the list of penny stocks that locked in the upper circuit on Wednesday, October 27, 2021.