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Watch out for these penny stocks locked in the upper circuit on June 3
Kaustubh Bhosale

Watch out for these penny stocks locked in the upper circuit on June 3

BSE Sensex is trading on the higher side, advancing 457 points at a level of 56,275 at 10.55 am.

The domestic markets opened with a bang with Sensex and Nifty indices climbing nearly 0.85 per cent & 0.66 per cent, respectively. For the second day in a row, technology stocks have risen. Buying was aided by positive global signals. The chart was held up by sectors such as Nifty IT, metal, bank, and financial services. All the indices on the chart kicked off the day in the green. In the Indian equities market, foreign portfolio investors (FPIs) sold shares worth Rs 451.82 crore while domestic institutional investors (DIIs) made net purchases worth Rs 130.63 crore.  

  

Today morning, the shares of Aether Industries touched an upper circuit of Rs 776.75, a premium of 20.99 per cent over the issue price of Rs 642. The stock was listed at Rs 706.15, a premium of 9.99 per cent over the initial public offering price. The stock has hit a low of Rs 699.85, so far. Until today, about 3.90 lakh shares of the company had traded hands at the counter.  

  

BSE Sensex is trading on the higher side, advancing 457 points at a level of 56,275 at 10.55 am. S&P BSE Midcap index declined 64 points and trades at 23,047 levels. S&P BSE Smallcap rose by 12 points and trades at 26,707 levels. Sensex Top Gainers include Reliance Industries (2.85 per cent), Infosys (2.66 per cent), HCL Technologies (2.30 per cent), Wipro (2.17 per cent), and Tech Mahindra (1.54 per cent).   

   

Likewise, Nifty 50 index continued its upward journey today, progressing by 99 points trading at 16,727 levels. Bank Nifty also climbed 77 points and is at a level of 35,691. The top gainers on Nifty 50 are Reliance Industries (2.78 per cent), Infosys (2.65 per cent), HCL Technologies (2.34 per cent), Wipro (2.11 per cent), and Larsen & Toubro (1.63 per cent).  

 

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

Sr. no.  

Stock name  

LTP   

Circuit limit (per cent)  

1  

Diligent Media Corporation  

2.52  

5.00  

2  

Gyscoal Alloys  

4.01  

4.97  

3  

Ankit Metal & Power  

7.45  

4.93  

4  

GTL Infrastructure  

1.49  

4.93  

5  

MPS Infotecnics  

0.8  

3.9  

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