Low Price Shares locked in Upper Circuit on October 17,2022

low price stocks

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-12-09T11:23:56+05:30

On Monday, benchmark equity indices are trading volatile due to weak global market trends. 

The benchmark activity saw moderate advances for the frontline indices. After touching the day's low of 17,098.55 in the opening trade, the Nifty moved over the 17,250 mark. Stocks in banks, financial services, and autos increased. Conversely, shares in the metal, real estate, and oil & gas industries fell. The S&P BSE Sensex, the barometer index, increased 264.06 points, or 0.46%, to 58,184.03 at 11:25 IST. To reach 17,258.45, the Nifty 50 index increased by 72.75 points or 0.42%. 

The S&P BSE Small-Cap index increased by 0.05% and the S&P BSE Mid-Cap index increased by 0.02% in the overall market. Market breadth was in the red as 1,521 shares increased and 1,812 shares decreased on the BSE while 169 shares in total remained unchanged.

List of Low Price Shares Today: October 17

Following is the list of low price stocks locked in the upper circuit on October 17. Keep a close eye on these counters for the upcoming sessions.

Security Name 

LTP 

Circuit Limit % 

K&R Rail Engineering 

31.35 

19.89 

Container Corporation of India 

26 

19.82 

Kkalpana Industries (India) 

14.7 

9.95 

3P Land Holdings 

20.45 

9.95 

Paragon Finance 

23.25 

9.93 

Mukat Pipes 

8.09 

9.92 

Cranex 

32.7 

9.92 

Jet Freight Logistics 

21.8 

9.82 

Dharani Finance 

7.77 

Mahalaxmi Rubtech 

8.19 

The top laggards among the Nifty components were Mahindra & Mahindra, Adani Enterprises, JSW Steel, and Larsen & Toubro. On the other hand, early trade saw winners include Bajaj Auto, State Bank of India, ICICI Bank, and Eicher Motors.

All sectors saw a modest lead, with Nifty PSU Bank seeing the most gains of over 2%. While trade slowed down for the Nifty Media, Nifty Realty, and Nifty Realty indices.

Shares of Bajaj Auto increased by more than 2% among individual stocks following the company's standalone net profit increased by 20% YoY to Rs 1,530 crore in Q2FY23. Additionally, Dilip Buildcon's shares increased by more than 2% after the business won a contract worth Rs 702,02 crore.

 

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