Top 10 Penny Stocks Gainers Today - August 10, 2022

The benchmark indices experienced a turbulent session before closing close to the flat line. 

After hitting the day's low at 17,442.80 in the early trade, the Nifty finished above the 17,500 level. While IT, real estate, and consumer durables shares fell, demand for metal, private banks, and healthcare companies increased.

List of Penny Stocks Today: August 10

Following Table Shows Penny Stocks That Gained Most on August 10

The barometer index, the S&P BSE Sensex, dropped 35.78 points or 0.06% to 58,817.29. The Nifty 50 index reached 17,534.75, 9.65 points, or 0.06% higher than yesterday’s close. The S&P BSE Small-Cap index was down 0.10%, while the S&P BSE Mid-Cap index fell 0.13%.

Market breadth was bearish as 1,866 shares declined and 1,535 climbed on the BSE and 124 shares in total remained unchanged. The Nifty FMCG index experienced its third straight day of gains before dropping 0.37% to 42,821.60. Over three trading sessions, the index increased by 0.83%.

As investors analysed China's inflation statistics and anticipated the U.S. CPI report, European markets traded neutral while Asian stocks fell. Consumer price inflation in Germany for the final month of July came in at 7.5% annually and 0.9% monthly, according to official data released on Wednesday.

Tata Chemicals saw a 12% increase after the company's consolidated net profit (from continuing operations) increased by 86.26% to Rs 641 crore on a 34.2% increase in operating revenue to Rs 3,995 crore in Q1 FY23 over Q1 FY22. Despite growing expenses and inflationary pressures, Hindalco Industries' consolidated net profit increased to Rs 4,119 crore, a 48% YoY improvement and a 7% sequential increase, sending the stock up 4.43%.

After the telecom giant's consolidated net profit increased to Rs 1,606.9 crore in Q1 FY23 from Rs 283.5 crore in Q1 FY22, Bharti Airtel's stock price increased by 1.50%. Indraprastha Gas saw a 5.85% increase in share price following the company's 72% increase in consolidated net profit to Rs 420.86 crore on a 155% increase in net operating revenue to Rs 3,193.85 crore in Q1 FY23 over Q1 FY22.