Penny Stocks Update: Only buyers were seen in these penny stocks

Penny stocks, as the name denotes, are stocks that have a price less than Rs 10 and are often illiquid in nature. Also, they have a low market capitalization.

Markets bounced back from previous trading sessions slide and gained nearly a per cent, following firm global cues. The benchmark indices held on to the gains till the end of the trading session and ended in green.

On Thursday, the stocks of the Telecom sector and Oil & Gas sector slipped into red, while the other sectoral indices ended in green. The broader market indices also traded on a higher note and gained in the range of 1.4 per cent and 1.7 per cent.

In line with the cheered-up markets, the penny stocks also performed well and some of these penny stocks are locked in the upper circuit zooming up to 4.55 per cent.

Have a look at the list of penny stocks that gained up to 5 per cent on Thursday: