Top 10 Penny Stocks Gainers Today - July 22, 2022

The Sensex gained 0.70% to settle at 56072.23 today, while the Nifty 50 gained 0.69% to close at 16719.45 in the overall markets. 

On Friday, July 22, 2022, the major equity indices posted moderate increases for the day. After hitting a day low of 16,610.90 in the middle of the morning trade, the Nifty finished above the 16,700 mark. While IT, healthcare, and pharma equities declined, shares of financial services, banks, and FMCG companies were in high demand.

List of Penny Stocks Today: July 22

Following Table Shows Penny Stocks That Gained Most on July 22

The barometer index, the S&P BSE Sensex, increased 390.28 points or 0.70% to 56,072.23 as per closing provisional closing basis. To reach 16,719.45, the Nifty 50 index increased by 114.20 points or 0.69%. The S&P BSE Mid-Cap index decreased 0.17% in the overall market, while the S&P BSE Small-Cap index increased 0.21%.

Positive market breadth was present as 1,781 shares increased and 1,542 shares decreased on the BSE and 146 shares were unchanged overall. In six straight sessions, the Nifty 50 index increased 4.90% and the BSE Sensex increased 4.92%.

Sales of UltraTech Cement increased by 5.35%. The cement industry major recorded a 6.99% decrease in net profit to Rs 1,584 crore in Q1 FY23 compared to the Q1 FY22 net profit of Rs 1,703 crore. The consolidated net profit of Gujarat State Fertilizers & Chemicals (GSFC) climbed from Rs 136.11 crore in Q1 FY22 to Rs 345.81 crore in Q1 FY23, representing a 13.81% rise.

Today's Nifty Financial Services index saw a 1.55% gain to close at 16858.55. The index has increased by 10% over the past month. Housing Development Finance Corporation Ltd increased by 2.39%, Shriram Transport Finance Company Ltd increased by 2.34%, and HDFC Bank Ltd increased by 2.33% among the elements. In comparison to the benchmark Nifty 50 index's 5.66% growth over the past year, the Nifty Financial Services index has increased by 2.0%. Other indexes saw daily gains of 1.49% for the Nifty Bank index and 1.43 % for the Nifty Private Bank index.