Penny Stocks Locked in the Upper Circuit on Jun 20, 2022

Indices trade flat, gains witnessed in the FMCG sector; BSE Metal tanks over 4%. Tracking the weak global sentiments, Indian benchmark indices Sensex and Nifty 50 were trading sideways. At 11:05 am, the Nifty 50 was trading at the 15,266.85 level, which fell by 0.17%. Hindustan Unilever Ltd, HDFC and Britannia Industries Ltd were the top gainers whereas top losers were Hindalco Industries Ltd, Oil and Natural Gas Corporation and Tata Steel Ltd with a loss of over 4.50% each.

List of Penny Stocks Today: Jun 20

Following is the list of penny stocks locked in the upper circuit on June 20. Keep a close eye on these counters for the upcoming sessions.

Sensex was trading at a level of 51,351.66, declined by 0.02%. The top stocks trading in green were Hindustan Unilever Ltd, HDFC and UltraTech Cement Company. And, stocks pulling down the index were Tata Steel, NTPC Ltd and IndusInd Bank. On the sectoral front, BSE FMCG was the only gaining sector with a gain over 1.00%, led by Hindustan Unilever Ltd. BSE Metals plunged over 4.75% with Vedanta Ltd being the top loser. The stock fell by more than 10%. BSE Energy, BSE Oil and Gas and BSE Basic Materials were also down by nearly 2.5% each.

India’s net direct tax collections for the financial year 2022-23 surged 45% to Rs 3,39,225 crore as of June 16, 2022, compared to Rs 2,33,651 crore in the corresponding period of the preceding year.

Wall Street ended mixed on Friday. Headline indicator Nasdaq Composite added 1.43%. The Dow Jones Industrial Average declined 0.13% whereas S&P 500 edged up by 0.22%. The Bank of America said that the US economy has a 40% chance of being in a recession next year. It also added that “the Crypto is far from dead” as investors are still enthusiastic about crypto as a form of payment.
 

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