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Watch out for these penny stocks locked in the upper circuit on November 21
Vaishnavi Chauhan
/ Categories: Trending, Mindshare

Watch out for these penny stocks locked in the upper circuit on November 21

Sensex and Nifty kicked off with promising gains, showing increases of 0.36 per cent and 0.39 per cent, respectively.

Market at 10:00 AM, In recent market update, both the Sensex and Nifty kicked off with promising gains, showing increases of 0.36 per cent and 0.39 per cent, respectively. FurthermoreBANK NIFTY soared 0.31 per cent and FINNIFTY witnessed an upswing of 0.42 per cent.

Concurrently, Nifty Mid-Cap and Nifty Small-Cap mirrored this positive trend, opening higher by 0.35 per cent and 0.3 per cent, contributing to an overall optimistic market sentiment.

The India VIX experienced a slight dip of 0.68 per cent, hinting at a minor reduction in market volatility, providing a potentially smoother trading environment.

Significant movements in various sectors reveal Nifty Metal, Nifty Realty, and Nifty Media leading the gainers' brigade, while Nifty FMCG stands as the sole major sector exhibiting underperformance.

Among individual stocks, the spotlight shines on Top Gainers Hindalco, Adani Enterprises, and JSW Steel, showcasing strength in their market positions. On the flip side, Coal India, ONGC, and Britannia find themselves among the Top Losers within the Nifty 50.

Zooming out to the broader market perspective, the positive vibe prevails, with approximately 2079 advancing stocks compared to 890 declining stocks. This robust ratio indicates an overarching optimistic trend in the broader market, underscoring the favorable mood among investors and traders.

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 November 21, 2023:

Company Name

LTP / Close

Circuit Limit %

Madhav Infra Projects Ltd

7.46

9.87

RO Jewels Ltd

4.13

9.84

Empower India Ltd

1.25

5

ACI Infocom Ltd

1.47

5

Paras Petrofils Ltd

2.1

5

Computer Point Ltd

5.46

5

RLF Ltd

7.78

4.99

Frontier Capital Ltd

7.99

4.99

Elango Industries Ltd

9.26

4.99

USG Tech Solutions Ltd

7.17

4.98

 

Investors should keep an eye on these Penny Stocks.

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

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