Penny Stock: Low-priced stocks also got big returns, how much profit? Let’s find out –

Penny Stocks: Wall Street optimism was boosted overnight by expected economic data. While Asian indices have also matched gains in US indices. Indian benchmark indices continued their downward trend today, down more than 1%, defying strength in global indices.

Barring BSE Auto and BSE Healthcare indices, all sectoral indices were lower. BSE Oil & Gas and BSE Utilities were the worst hit, each falling around 5%, while BSE Auto impressed investors with its strong uptrend, driven by over 6% gains in Tata Motors and Bajaj Auto.

At 10:45 am, the BSE Sensex fell 1.10% to 59,543. The Nifty 50 index fell 1.00% to 17,714 levels. On the Sensex, Tata Motors, ITC Ltd and Bajaj Finserv were the top gainers, while HDFC, ICICI Bank and HDFC Bank were the market draggers.

On the BSE, 944 shares rose and 2,268 shares declined, with the advance-decline ratio strongly favoring the decline. There was significant selling pressure in broad indices and major indices underperformed. Shares of Repro India Ltd, the top BSE smallcap gainer, rose over 12%, keeping small-cap bulls active. Shares of Automotive Stampings & Assembly and Jindal Saw Ltd were also bought in large numbers.

Below is the list of penny stocks locked in the above circuit today. Keep a close eye on these stocks for the upcoming session.

Sr. No Stock Name LTP Change (%)
1 Svam Software 4.07 10
2 Dhanada Corporation 2.94 5
3 Galada Power & Telecommunication 1.89 5
4 ARC Finance 1.05 5
5 GCM Capital Advisors 9.04 4.99

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