Low Price Shares locked in Upper Circuit on Jun 24

low price stocks

Penny Stocks to Buy
by 5paisa Research Team Last Updated: 2022-08-08T18:56:01+05:30

At noon, benchmark indices were trading higher with Nifty above the 15600 level. Sensex was up 270.39 points or 0.52% at 52536.11, and the Nifty was up 89.80 points or 0.58% at 15646.50. About 2163 shares have advanced, 825 shares declined, and 129 shares are unchanged.

At 12.20 pm, the top gainers were Mahindra & Mahindra, Hero Motocorp, ONGC, Britannia and HUL whereas the top losers of the session were Apollo Hospitals, Tech Mahindra, Infosys, NTPC and Asian Paints. The top Sensex gainers comprised Mahindra and Mahindra, HUL, Bharti Airtel, IndusInd Bank and HDFC Bank whereas the top losers were Tech Mahindra, Infosys, Asian Paints, HCL Technologies and TCS.

List of Low Price Shares Today: Jun 24

Following is the list of low price stocks locked in the upper circuit on June 24. Keep a close eye on these counters for the upcoming sessions.

Sr No   

Stock   

LTP   

Price Gain (%)   

1   

SPML Infra  

32.7   

4.98   

2   

Websol Energy System  

84.3   

4.98   

3   

Ansal Properties and Infrastructure  

12.92   

4.96   

4   

Adroit Infotech  

14.82   

4.96   

5   

GMR Power and Urban Infra   

22.2   

4.96  


Shares of Mahindra & Mahindra (M&M) zoomed 3 per cent and hit a new high of Rs.1,058.60 on Friday on hopes of a strong demand outlook. To meet the growing demand (especially for XUV700 and Thar), the company has increased its capex plan for its auto division from Rs.9,000 crore to Rs.11,900 crore.
 

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On the sectoral front, the majority of the sectoral indices were trading in green with BSE Telecom Index at the forefront. The top stocks pushing up the telecom index were Route Mobile, ITI, Indus Towers, HFCL and Onmobile Global gaining up to 9.38%. On the other hand, BSE Metal, BSE Auto and BSE Consumer Discretionary indices were seen trading more than 1% up.

Shares of fast-moving consumer goods companies witnessed buying inclination on the perception that the ongoing decline in global commodity prices is expected to improve the profitability of FMCG companies going ahead. BSE Information Technology index faced a drag of 0.5% pulled down by Brightcom Group, Mindtree, and L&T Infotech.

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About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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