Low Price Shares locked in Upper Circuit on September 16

low price stocks

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-09-16T17:44:35+05:30

The domestic markets traded lower in Friday’s trading session dragged by IT stocks. 

Among the frontline indices, Nifty50 declined over 195 points and was trading below 17,700 levels and the BSE Sensex declined over 642.35 points to trade at 59,291.66 levels. Among Sensex, the only stocks that were gaining were IndusInd Bank, Sun Pharmaceutical Industries, Titan and Kotak Mahindra Bank whereas M&M, Tech Mahindra, Ultratech Cement, Infosys and TCS were the top Sensex losers.

List of Low Price Shares Today: September 16

Following is the list of low price stocks locked in the upper circuit on September 16. Keep a close eye on these counters for the upcoming sessions.

Sr No.  

Security Name  

LTP(Rs)  

Circuit Limit %  

1  

Mcleod Russel India  

28.35  

19.87  

2  

Sharp India   

83.6  

10  

3  

Vibrant Global Capital  

57.35  

9.97  

4  

Valencia Nutrition  

19.32  

9.96  

5  

Unique Organics  

48.2  

9.92  

6  

11AMD  

38.25  

9.91  

7  

Sujala Trading Holdings  

17.35  

9.81  

8  

Jaipan Industries  

27.3  

5  

9  

Arshiya  

14.7  

5  

10  

Macro (International) Exports  

27.3  

On the sectoral front, all the sectors were trading in red with the BSE IT Index being the worst performing sector plunging more than 2% as compared to their sectoral peers. The top three IT stocks pulling the index down comprised Intellect Design Arena, Xelpmoc Design and Tech and RPSG Ventures.

In line with benchmark indices, the broader markets were trading lower with the BSE Midcap Index losing 1.52% and the BSE Smallcap index declining 1.11%. Despite the pressure, the top three midcap stocks emerged to be 3M India, SJVN and Bharat Electronics whereas the top three small-cap stocks were made up of Mcleod Russel India, Tata Steel Long Products and Mishra Dhatu Nigam.

Besides, the initial public offering (IPO) of leading precision bearing cages manufacturer Harsha Engineers International continued to attract a strong response from investors in today’s trading session. The maximum response was seen from non-institutional investors followed by retail investors.

 

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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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