Penny Stocks Locked in the Upper Circuit on May 30, 2022

Penny Stock Update

by 5paisa Research Team Last Updated: May 30, 2022, 03:25 PM IST

Indian equity market has soared like an eagle on Monday morning led by IT and tech names.

The Dow Jones Industrial Average rose 1.76% and S&P 500 climbed 2.47%. Along similar lines, Nasdaq also surged 3.33%. Elon Musk committed to pay for Twitter which resulted in the heavy buying of the shares of Tesla and Twitter. On Friday, shares of Tesla Inc surged by more than 7%. On the other hand, Musk announced, “Tesla will not put any manufacturing plant in India or in any location where we are not allowed first to sell and service cars.”
 

List of Penny Stocks Today: May 30


Following is the list of penny stocks locked in the upper circuit on Monday. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

Prakash Steelage Ltd  

5.51  

9.98  

2  

KBC Global Ltd  

4.85  

4.98  

3  

S.A.L. Steel Ltd  

9.11  

4.95  

4  

Sintex Plastics Technology Ltd  

5.73  

4.95  

5  

Bhandari Hosiery Exports Ltd  

6.58  

4.94  

6  

Zenith Steel Pipes and Industries Ltd  

9.18  

4.91  

7  

Vikas Lifecare Ltd  

4.96  

4.86  

At 10:40 am, all the leading Asian indicators were trading upwards. Japan’s benchmark index Nikkei 225 surged more than 2% amid growth in most of the Asian shares. SGX Nifty also indicated a positive opening with a gain of 121 points.

In India, the Nifty 50 was trading at 16,628.20 level, up by 1.69%. The top gainers in the Nifty 50 pack were HCL Technologies, Infosys and Adani Ports and Special Economic Zone. On the other hand, top losers were JSW Steel, Sun Pharmaceuticals and Dr Reddy’s Laboratories. The Nifty Bank was at the level of 35,988.20, advanced by 1.05%. The top performers were Federal Bank, IndusInd Bank and HDFC Bank.

Sensex was trading at a level of 55,861.63, up by 1.78%. BSE Midcap index was trading at a level of 22,938.54, climbing by 1.87%. BSE Smallcap index too advanced by 1.96% and was trading at a level of 26,122.73. The top performers of Sensex were HCL Technologies, Infosys and Titan Company Ltd. And, stocks pulling down the index were Sun Pharmaceuticals, Dr Reddy’s Laboratories and Kotak Mahindra Bank.

Explore List of Penny Stocks

Learn More About: What are Penny Stocks?

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.
SENSEX
52,727.98
462.26 (0.88%)
Nifty 50
15,699.25
142.60 (0.92%)
Nifty Bank
33,627.45
492.45 (1.49%)

Open Free Demat Account

& get benefits worth 2100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code

By proceeding, you agree to the T&C.

SENSEX
52,727.98
462.26 (0.88%)
Nifty 50
15,699.25
142.60 (0.92%)
Nifty Bank
33,627.45
492.45 (1.49%)

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number