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Watch out for these penny stocks locked in the upper circuit on March 16
Kaustubh Bhosale

Watch out for these penny stocks locked in the upper circuit on March 16

Nifty Realty and Metal index gained 2.2 and 2.1 per cent, respectively, with Nifty index trading near the 17,000 mark.

The Foreign Investor (FII) saw a net outflow of Rs 1249.74 crore and the Domestic Investors (DII) inflow of Rs 98.25 crore was recorded. Crude prices have also come under pressure amid a spike in COVID-19 cases in Wuhan. The price of crude oil has come down under the USD 100 mark at USD 97.46. The Indian rupee has also appreciated against dollar and is trading at 76.30. The gold bullion rate for April 2022 contract is Rs 51,346. 

 

The Sensex is trading in the green territory up by 827 points and at a level of 56,604. BSE MidCap has jumped by 310 and is trading at 23,467 levels. The BSE SmallCap index has scaled 312 points and trades at a level of 27,344. The gaining stocks on BSE Sensex are Induslnd Bank (3.53 per cent), Axis Bank (3.44 per cent), and UltraTech Cement (2.93 per cent).   

 

The Nifty 50 index soared by 242 points and is at 16,905 levels. Also, the Bank Nifty has appreciated by 654 points and trades at 35,676 levels. The major contributors of Nifty 50 are Axis Bank (3.52 per cent), Tata Motors (2.79 per cent), and Bajaj Finserv (2.70 per cent). 

 

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

 

Sr No 

Stock Name  

LTP  

Price gain (%) 

PAE Ltd  

6.6 

4.76 

HDIL  

6.75 

4.65 

Easun Reyrolle  

2.56 

SREI Infra Fin 

5.95 

4.39 

FCS Software 

4.6 

4.55 

Setubandhan Infra  

2.75 

3.77 

Reliance Defense  

4.05 

3.85 

Impex Ferro Tech  

1.45 

3.57 

Indosolar Ltd  

2.55 

4.08 

10 

Zenith Birla  

1.2 

4.35 

 

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