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Watch out for these penny stocks locked in the upper circuit on May 29
Kaustubh Bhosale

Watch out for these penny stocks locked in the upper circuit on May 29

With encouraging cues from global indices, the Indian benchmark indices commenced trading on Tuesday on a stronger note.

In the early part of Tuesday's session, Indian government bond yields slightly decreased as their U.S. counterparts changed direction. However, expectations of a debt sale prevented a significant decline in yields. Despite the lower probability of a U.S. default, investors remained concerned about the risk of a recession in the world's largest economy this year.

 

As of 10:42 am, the BSE Sensex is trading at 62,908 levels, gaining 61 points. The S&P BSE Mid-Cap also increased by 66 points and is trading at a level of 26,979 points. The Small-Cap index also jumped by 67 and is trading at a level of 30,321. The NSE index NIFTY50 climbed by 28 points and is trading at a level of 18,626. On the flip side, the Bank Nifty slipped by 21 points to a level of 44,290. On May 29, foreign portfolio investors bought securities worth Rs 853.57 crores, and domestic institutional investors (DIIs) were also net buyers of shares worth 1,758.16 crores.

 

DSIJ offers a service 'Tiny Treasure' with recommendations for small-cap and micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then download the product details PDF here.

 

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

 

Stock Name

LTP

Circuit Limit %

Jyoti Structures

8.82

5

BSEL Infrastructure Realty

8.52

4.93

Howard Hotels

9.36

4.93

BKV Industries

9.37

4.93

Venlon Enterprises

5.15

4.89

Vivanta Industries

6.02

4.88

Glittek Granites

3.25

4.84

Janus Corporation

3.91

4.83

Leading Leasing Finance and Inv Co

5.43

4.83

Sadhna Broadcast

5.23

4.81

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