September 21, 2024

Penny stocks in the upper circuit, investors eye on interest rates, these penny stocks are locked in the upper circuit today


Mumbai – The Reserve Bank of India has kept the repo rate steady at 6.50%. Most Asian markets were down in the morning session. Major Indian indices, however, managed to edge higher despite a subdued start to the session amid weak global cues. Financial services and banking stocks led the Sensex gains. BSE Realty emerged as the best performing sector led by Godrej Properties Ltd with gains of over 2%. While shares of Oberoi Realty and Indiabulls Real Estate also rose significantly. Power and utility stocks saw modest gains. While BSE Metals and BSE FMCG were the major bullish indices of the session.

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The BSE Sensex rose 0.39% to 59,924 at 11:15 am on Thursday. The Nifty50 index rose 0.26% to 17,602. Bajaj Finance, IndusInd Bank and State Bank of India were the top gainers in the Sensex. While HCL Technologies, Tech Mahindra and Nestle India were down.

Broader indices outperformed major indices. Shares of Deedev Plastics Industries Limited were the gainers in BSE Smallcap. It jumped more than 16% in the session. Also, the shares of Rama Phosphates and Nandan Denim Limited were also bought by investors.

Traders eyeing the Reserve Bank’s interest rate decision weighed on some penny stocks in the morning session on Thursday. The following is a list of some such shares that reached the upper circuit. Investors should keep an eye on these stocks for the coming sessions –
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A.Kr. share Present Value (Rs.) price increase
Kradhan Infra २.९८ १९.६८
PONAFIC INDUSTRIES १.२४ १९.२३
TechIndia Manufacturing ८.५० ९.९६
ind swift ८.६५ ९.९१
Reliance Home Finance ३.३३ ९.९०



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