Penny Stocks Locked in the Upper Circuit on August 11, 2022

The major market indices made significant gains in the morning while trading in a reserved range. 

The feelings were strengthened by encouraging global cues. PSU bank stock ended a five-day losing streak. The S&P BSE Sensex, the barometer index, increased 574.08 points, or 0.98%, to 59,387.06 at 10:28 am. To reach 17,683.75, the Nifty 50 index increased by 149 points or 0.85%. The S&P BSE Mid-Cap index increased by 0.89%, while the S&P BSE Small-Cap index increased by 0.55%, in the overall market.

List of Penny Stocks Today: August 11

Following is the list of penny stocks locked in the upper circuit on August 11. Keep a close eye on these counters for the upcoming sessions.

Market breadth was strong as 1,922 shares increased and 1,113 shares decreased on the BSE. 137 shares in total remained unchanged. On August 10, foreign portfolio investors (FPIs) purchased shares worth Rs 1,061.88 crore while domestic institutional investors (DIIs) net sold shares worth Rs 768.45 crore.

The Nifty PSU bank index increased 2.63% to 2,828.80, ending a five-day losing run. Five trading sessions saw an index decline of 2.68%. The Nifty PSU bank index increased 2.63% to 2,828.80, ending a five-day losing run. Five trading sessions saw an index decline of 2.68%.

The stock price of Mazagon Dock Shipbuilders increased by 8.80% as the company's consolidated net profit increased by 121.24% to Rs 224.78 crore on an 83.68% increase in net sales to Rs 2230.32 crore in the first quarter of 2022 compared to the first quarter of 2021. Wipro increased 1.9%. In order to assist the Australian government and key infrastructure businesses in navigating the cyber threat landscape, the IT major announced the establishment of Wipro Shelde Australia.

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