Watch out for these penny stocks locked in the upper circuit on October 31

Watch out for these penny stocks locked in the upper circuit on October 31

Vaishnavi Chauhan
/ Categories: Trending, Mindshare

Sensex and Nifty are on a downward trajectory, with Sensex experiencing a 0.20% decline and Nifty down by 0.24%.

Market at 12:50 PM, In the current market session, both Sensex and Nifty are on a downward trajectory, with Sensex experiencing a 0.20% decline and Nifty down by 0.24%. Interestingly, the Nifty Mid-Cap and Nifty Small-Cap segments are defying the trend, showing notable strength with gains of 0.40% and 0.42%, respectively.

 

Market volatility, as indicated by the India VIX, has seen a significant uptick of 3.90%, suggesting a moderate increase in market turbulence.

 

Various sectors are exhibiting robust performance, with Nifty Realty, Nifty FMCG, and Nifty PSU Bank taking the lead among the top-performing sectors. In contrast, Nifty Oil & Gas, Nifty Pharma, and Nifty Healthcare sectors find themselves in the declining zone.

 

Overall market sentiment remains optimistic, with around 1919 stocks advancing compared to 1568 stocks in decline. This positive market breadth underscores a prevailing upbeat mood in the broader market.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

 

Following is the list of Penny Stock that got locked in the upper circuit on October 31, 2023:

Company Name

LTP / Close

Circuit Limit %

Kmf Builders And Developers Ltd

5.61

10

Clio Infotech Ltd

7.95

9.96

Rama Petrochemicals Ltd

5.04

5

Infomedia Press Ltd

5.04

5

Gopal Iron And Steels Company Gujarat Ltd

7.99

4.99

Carnation Industries Ltd

8.21

4.99

Madhucon Projects Ltd

5.69

4.98

Continental Controls Ltd

5.28

4.97

VB Desai Financial Services Ltd

9.93

4.97

Rajasthan Gases Ltd

8.04

4.96

 

 

Investors should keep an eye on these Penny Stocks.

 

Disclaimer: The article is for informational purposes only and not investment advice.

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