Nyssa Corporation, Kabra Drugs, Others: Penny Stocks Locked In Upper Circuit Today (January 23)

The Indian stock market saw a bloodbath on Tuesday (January 23), as the two benchmark indices Sensex and Nifty 50 fell over 1% in the intraday trading. Indian equities commenced trading after a prolonged weekend today as the market remained closed on Monday on account of Ayodhya Ram Mandir 'Pran Pratishtha' ceremony. Several penny stocks touched their lower circuit limit today.

At 2:20 pm IST today, Sense was down 1.17% at 70,588.62 points, while Nifty 50 fell 1.31% at 21,290.00 points. At 2:23 pm IST, Nifty 50 plunged over 2% at 45,037.45 points, where the top losers were IDFC First Bank, IndusInd Bank, PNB, and AU Bank.

Here's a list of 5 penny stocks that were locked in their upper circuit limit on Tuesday:

1. Nyssa Corporation Limited:

On Tuesday, shares of Nyssa Corporation Limited were locked in the upper circuit limit at Rs. 8.14. The stock hit a new 52-week high value of Rs 8.14 today. The stark jump in Nyssa Corporation shares was seen even though there was no market-sensitive announcement by the company. The company has a market capitalization of Rs 24.42 crore.

2. GCM Commodity & Derivatives Ltd

The small cap stock was locked in an upper Circuit limit of Rs 5.68 on Jan 23, 2024. Before this, shares of GCM Commodity & Derivatives hit the Upper Circuit of Rs. 5.41, Rs 5.60, and Rs 5.34 on Jan 20, Jan 18, and Jan 17. The company has a current market cap of Rs 4.22 crore.

3. Kabra Drugs Ltd

Shares of Kabra Drugs Ltd were locked in an upper Circuit limit of Rs 6.53 on Tuesday. Today, the share price of Kabra Drugs traded at a new 52 Week High value of Rs 6.53. The small-cap stock with a market cap of Rs 2.87 crore operates in the pharmaceutical sector.

4. Minaxi Textiles Ltd

The share price of Minaxi Textiles was locked in an upper Circuit limit of Rs. 3.45 on Tuesday. Today, Minaxi Textiles shares traded on a new 52-week high value of Rs 3.45. In an exchange filing today, the company said that the Exchange has sought clarification from Minaxi Textiles Ltd on January 23, 2024, with reference to the movement in price. The company has a market capitalization (full) of Rs 17.05 crore.

5. Aneri Fincap Ltd

Shares of Aneri Fincap Ltd were locked in an upper Circuit of Rs. 6.55 on Tuesday. Today, the company's shares traded at a new 52 Week High value of Rs 6.55. Aneri Fincap Ltd is a Non-Banking Financial Company that operates in the Financial Services sector. The company has a market cap of Rs 1.97 crore.