Top 9 Penny Stocks Gainers Today - May 11, 2022

For the fourth day in a row, the market closes below the flat line, extending losses.

Today, the Nifty IT index fell 1.24% to 30050.25. Over the last month, the index has dropped 14.00%. L&T Technology Services Ltd lost 4.29%, Coforge Ltd increased 1.98%, and Larsen & Toubro Infotech Ltd fell 1.88% among the members.

Top 9 Gainers Penny Stocks Today: May 11

Following Table Shows Penny Stocks That Gained Most on Wednesday

In comparison to the benchmark Nifty 50 index, the Nifty IT index has increased by 15.00% in the last year. The Nifty Auto index has fallen 0.91% on the day, while the Nifty PSE index has fallen 0.81%. The Nifty 50 index closed down 0.45% to settle at 16167.1 today, while the SENSEX index fell 0.51% to close at 54088.39.

Today the stocks in Spotlight were: Gujarat Gas has increased by 6.40%. In Q4 FY22, the company recorded a 30.5% increase in standalone net profit to Rs.453.28 crore. The stock of Max Financial Services (MFSL) increased by 3.78%. MFSL reported an 88.8% increase in consolidated net profit to Rs.117.68 crore in Q4 FY22. The stock of Ensar Technologies increased by 3.21%. The IT firm recorded a 42.8 percent increase in consolidated net profit to Rs.129.90 crore in Q4 FY22.

The stock of Kalyan Jewellers India increased by 14.07%. In Q4 March 2022, the company's consolidated net profit dropped 2.55% to Rs.72.29 crore, owing to a 6.53% drop in net sales to Rs 2,857.06 crore, compared to Q4 March 2021. Balaji Amines increased by 7.82%. Balaji Amines' consolidated net profit increased by 29% to Rs.108.72 crore in Q4 FY22.
 

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