DSIJ Mindshare

Watch out for these Penny Stocks locked in the upper circuit on May 07
Vaishnavi Chauhan

Watch out for these Penny Stocks locked in the upper circuit on May 07

Sensex showing a moderate decline of 0.75 per cent and the Nifty also dropping by 0.69 per cent.

Market at 11:35 AM, In today's trading session, the benchmark indices are experiencing a downturn, with the Sensex showing a moderate decline of 0.75 per cent and the Nifty also dropping by 0.69 per cent. Furthermore, NIFTY Bank plunged 1.19 per cent and FINNIFTY is down by 0.90 per cent.

The broader indices are also facing significant losses, with the Nifty Mid-Cap falling by 1.67 per cent and the Nifty Small-Cap witnessing a notable decline of 0.97 per cent.

Furthermore. market volatility is on the rise. It is up by 1.02 per cent.

Among the major sectors, only Nifty FMCG is trading positively, while Nifty Metal, Nifty PSU Bank, and Nifty Auto are among the Top Losers.

The overall sentiment in the broader market is negative, with 948 stocks advancing and 2,677 stocks declining.

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 May 07, 2024:

Company Name

LTP / Close

Circuit Limit %

Savani Financials Ltd

4.97

40

Gayatri BioOrganics Ltd

5.9

9.87

Scintilla Commercial & Credit Ltd

4.62

5

Oscar Global Ltd

9.67

4.99

Franklin Industries Ltd

6.76

4.97

NB Footwear Ltd

7.61

4.97

iStreet Network Ltd

2.55

4.94

RCI Industries & Technologies Ltd

4.26

4.93

Purple Entertainment Ltd

7.03

4.93

 

Investors should keep an eye on these Penny Stocks.

 

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

Previous Article Rs 40,000 crore buyback announced by Government of India opening on May 9, 2024: Complete details inside!
Next Article Back-to-back volume surge in this multibagger textile stock under Rs 50; Promoters have held a constant 64.87 per cent stake in the company for the past 6 years!
Print
2381 Rate this article:
3.8
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR