Watch out for these penny stocks locked in the upper circuit on June 23

Sensex, after closing in red on Wednesday, opened on a higher note today. It surged 596 points to the 52,419 level at 10.57 am.

During Thursday's opening bell, the Indian markets moved favourably despite conflicting global trends. Notably, on the global front, the rising likelihood of the US economy entering a recession is also a cause of concern with fluctuating crude oil prices serving as the main driver of this fear.   

The share of IRB Infrastructure Developers rallied 6.35 per cent after the company received Rs 308 crore towards part payment i.e., 75 per cent of the total arbitration award from National Highways Authority of India (NHAI). Also, the share of GPT Infraprojects surged 15.49 per cent after the company bagged an order valued at Rs 292 crore.  

Sensex, after closing in red on Wednesday, opened on a higher note today. It surged 596 points to the 52,419 level at 10.57 am. Likewise, BSE Midcap index gained 307 points at 21,485 levels. BSE Smallcap index too zoomed 314 points and trades at 24,168 levels. In terms of the sectoral indices, auto & metal outperformed by strengthening over 2 per cent each. Besides, the rest of the indices are also trading in green.  

Similarly, Nifty 50 index soared 192 points and trades at 15,605 levels. Bank Nifty climbed 514 points and trades at a level of 33,359. The Top Losers include Power Grid Corporation of India, Apollo Hospitals, and Titan Company.  

Foreign portfolio investors (FPIs) sold shares worth Rs 2,920.61 crore on June 22 while the domestic institutional investors (DIIs) bought shares worth Rs 1,859.07 crore.  

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