Low Price Shares locked in Upper Circuit on May 18

low price stocks

by 5paisa Research Team Last Updated: 2022-05-18T17:23:18+05:30

Indian equity market is trading higher today, led by financial, auto and power names.

ITC, Aditya Birla Fashion and Retail, Barbeque Nation Hospitality, Brookfield India Real Estate Trust REIT, Finolex Industries, GIC Housing Finance, GMR Power and Urban Infra, Indraprastha Gas, InterGlobe Aviation, Indian Overseas Bank, JK Lakshmi Cement, LIC Housing Finance will release their quarterly results today.
 

List of Low Price Shares Today: May 18

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

Sr No  

Stock Name  

LTP  

Price Change (%)  

1  

IRIS Business Services Ltd  

97.1  

19.95  

2  

Rajshree Sugars and Chemicals Ltd  

39.25  

9.94  

3  

R S Software India Ltd  

31.1  

9.89  

4  

Ugar Sugar works Ltd  

59.85  

5  

5  

Goldstone Technologies Ltd  

58.8  

5  

6  

Shyam Century Ferrous Ltd  

24.15  

5  


Life Insurance Corporation of India made its debut on stock markets yesterday. Although the IPO attracted an overwhelming response from its investors, the stock fell 7.8% to Rs.875.45 on the closing basis, as it got listed at a discount price of Rs.872 (a discount of 8.6% on the issue price of Rs.949).

At 11:50 am, the market strength was very good as 2,228 equities increased on the BSE, whereas 934 declined, and 134 shares remained unchanged. Around 337 stocks are locked in the upper circuit, whereas 105 were in their lower circuit. The Sensex was trading at a level of 54,628.04, upwards by 0.57%, and the Nifty 50 was trading at 16,351.90, up by 0.57%.

BSE Midcap index was trading at a level of 22,820.99, jumped by 0.53%. The top gainers of the index were Ruchi Soya Industries, Adani Power, and Biocon Ltd. The top stocks dragging the index down were Godrej Properties, Sona BLW Precision Forgings Ltd and 3M India Ltd.

BSE Smallcap index was trading at 26,556.18, surged by 0.90%. The top gainers were Orient Bells Ltd, Uttam Sugar Mills Ltd and Nucleus Software Exports Ltd. All of these stocks jumped by more than 14%. The top stocks pulling the index down were Muthoot Capital Services Ltd, Metropolis Healthcare Ltd and Dr Lal Pathlabs Ltd.


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