Watch out for these penny stocks locked in the upper circuit on May 10

After a report by MOSL stated that it doesn't view ONDC as a danger unless it dramatically scaled up, Zomato shares, which had dropped more than 7 per cent on Tuesday, recovered.

Domestic benchmark indices gave up their early gains, trading lower ahead of crucial US inflation data and earnings from market heavyweights L&T and Dr Reddy's Labs. With the exception of Nifty FMCG and Nifty Media, all indices were trading with cuts in the sectoral space. The biggest decliner, the Nifty PSU Bank index, was over 2 per cent. Following a fantastic Tuesday listing day rise, Mankind Pharma stock experienced a 4 per cent decline in price. Following a great Q4 performance, the stock of Shipping Corporation increased by 8 per cent. After a report by MOSL stated that it doesn't view ONDC as a danger unless it dramatically scaled up, Zomato shares, which had dropped more than 7 per cent on Tuesday, recovered. 

As of 10:55 am, the BSE Sensex is trading at 61,713 levels, slipping by 49 points. While the S&P BSE Mid-Cap index similarly fell and trading at a level of 26,087 points down by 14 points. The Small-Cap index also is trading higher on the other hand at a level of 29,365, gaining 21 points. The NSE index NIFTY50 is trading lower by mere 17 points at a level of 18,248. The Bank Nifty dropped by 152 points and is currently trading at 43,046 level. 

On May 09, the foreign portfolio investors bought securities worth of Rs 1,942.19 crore and the domestic institutional investors (DIIs) also were the net buyers of shares worth Rs 404.70 crore.  

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

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