Watch out for these penny stocks locked in the upper circuit on April 19

The Indian benchmark indices are trading sideways with extreme volatility.

The Indian benchmark indices are trading sideways with extreme volatility. On April 18, foreign portfolio investors (FPIs) sold shares worth Rs 6,387.45 crore while domestic institutional investors (DIIs) were net purchasers worth Rs 3,341.96 crore. The stock in focus today is AU Small Finance Bank, which jumped 4 per cent, as lender's board will consider a bonus share issue on April 26, 2022. Also, Apollo Hospitals gained 5.63 per cent in the first half of the session as a huge turnover on BSE was seen as the stock trades at a high P/E of 59.58 points.    

In the mid-morning session, BSE Sensex gained 89 points after opening in red and is trading at a level of 57,238.85. BSE Midcap has also gained 257 points and is trading at 25,004.52 levels. BSE Smallcap index climbed 253 points and trades at the level of 29,477.18. The gaining stocks on BSE Sensex are Reliance Industries (3.2 per cent), ICICI Bank (1.35 per cent), State Bank of India (0.89 per cent), Axis Bank (1.30 per cent), and UltraTech Cement (1.16 per cent).    

Similarly, Nifty 50 index has recovered from losses and is trading with gains of 33 points to 17,206.70 levels. Bank Nifty has similarly increased by a small margin of 39 points and is currently trading at 36,768.00. The major contributors to Nifty 50 are Apollo Hospitals (5.40 per cent), Reliance Industries (3.43 per cent), Coal India (3.11 per cent), BPCL (2.04 per cent), and Eicher Motors (1.64 per cent).   

Following is the list of Penny Stocks that got locked in the upper circuit today. Keep a close eye on these counters for the upcoming sessions: