Watch out for these penny stocks locked in the upper circuit on August 24

Sensex gained 21 points and was trading at 59,053 at 10.57 am.

The benchmark indices traded with marginal gains on Wednesday. The shares of New Delhi Television (NDTV) hit an upper circuit limit of 5 per cent after Adani Group launched a takeover bid on the media company. The shares of Medicamen Biotech also got locked in the upper circuit, gaining 20 per cent. The stock has gained more than 45 per cent in four trading sessions.  

Sensex gained 21 points and was trading at 59,053 at 10.57 am. The Midcap index too has risen by 66 points and trades at 24,834 levels. Similarly, the Smallcap index gained 209 points and trades at 28,272 levels. In terms of sectoral indices, all the sectors are in green with major gains seen in auto, finance, bankex, and FMCG. On the other hand, the only sectors that are in red are information technology, auto, and consumer durables.  

Nifty 50 index is also trading on the higher side with an increase of only 9 points at 17,586 levels. Bank Nifty has surged 187 points at a level of 38,885. The Top Gainers are IndusInd Bank, Apollo Hospitals, ONGC, NTPC, and HDFC Life Insurance. On the other hand, the Top Losers include Divi’s Laboratories, Bharti Airtel, BPCL, Tata Steel, and TCS.  

Foreign portfolio investors (FPIs) bought shares worth Rs 563 crore on August 23 while domestic institutional investors (DIIs) sold shares worth Rs 215.20 crore.  

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