Low price stocks with high trading and delivery volumes to watch today

Low price stocks with high trading and delivery volumes to watch today

Rakesh Deshmukh

Price and volume breakout is always the best combination to filter out good stocks. Check for stocks under Rs 100 within the article.

Stocks trading with high volumes should be kept on the radar. This not only signifies investor participation but also, if the delivery volumes increase during any period, say a day, week, or month, it gives more confidence to track those stocks as it indicates the money inflow in those stocks.

The Indian market has undoubtedly showcased an impressive performance during recent periods and is trading almost at its all-time highs. However, today, the market has shown slight weakness and is trading in the red.

Nifty50 opened the day at 22,486.40, hitting intraday highs and lows of 22,488 and 22,427, respectively. Currently, it is trading at around 22,451. The majority of the NSE indices are trading in the red, indicating some weakness in the markets today ahead of the RBI policy.

In this article, we are going to explore stocks priced under Rs 100 that also registered robust volumes in both trading and delivery volumes yesterday, which may yield multibagger returns in the upcoming days. The stocks listed could fall into various categories, including Large-Cap, Mid-Cap, Small-Cap, or micro-cap, and may even include Penny Stocks.

To filter out the stocks, we will consider the following criteria which is an increase in trading volumes and delivery volumes (in times) compared to the average trading and delivery volumes based on the last five days and a positive closing yesterday. Using these criteria, we can identify potential stocks that meet these conditions and may have the potential for multibagger returns.

Stocks priced under Rs 100 with significant trading and volume activity:

Stock Name Delivered Qty Dly Times (x) Avg Dely Qty Traded Qty Traded Times (x) Avg Traded Qty Close on 04-Apr Chg  per cent
ABC Gas     3,98,865.0        39.99     9,974.0     3,99,556.0         37.27      10,721.0         70.15     5.00
Eastern Treads           4,348.0        31.74        137.0        13,055.0         95.29            137.0         41.32     7.30
Jumbo Bag        41,382.0        29.16     1,419.0        55,217.0         31.36        1,761.0         50.96  19.99
Pradhin Ltd           9,073.0        24.65        368.0           9,073.0         24.65            368.0         34.76     4.98
Raj Packaging         32,851.0        14.49     2,267.0        36,151.0           9.72        3,718.0         29.31  19.98
Salasar Exteriors     7,12,500.0        18.39  38,750.0     7,12,500.0         13.57      52,500.0         18.50     4.82
Graviss Hospitality        26,008.0        16.67     1,560.0        28,033.0         16.62        1,687.0         56.60     7.34
Shristi Infrastructure           6,926.0        12.52        553.0           7,365.0         13.08            563.0         49.06     8.54

 

Investors must keep these stocks, which belong to different sectors or industries, on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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