Shares below Rs 100: Only buyers were seen in these stocks on August 24

About 1,789 shares have advanced, 1,827 declined and 164 are unchanged on BSE.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.28 per cent at 65,252.34 and the NSE Nifty-50 Index up 0.29 per cent at 19,387. About 1,789 shares have advanced, 1,827 declined and 164 are unchanged on BSE.  

Ishan Dyes and Chemicals Ltd.’s shares were locked in 20 per cent upper circuit to Rs 63.43 per share with a spurt in volume by more than 8.58 times on BSE. The stock’s 52-week high is Rs 103.95 and its 52-week low of Rs 46. The company performed worst in both Quarterly Results and annual results. The stock currently is trading at 0.98 times its book value of Rs 55.6.

JMJ Fintech Ltd.’s shares saw heavy buying and hit a 20 per cent upper circuit to Rs 29.45 per share with a spurt in volume by more than 6.70 times on BSE. The stock is hitting back-to-back upper circuits after reporting excellent quarterly results. The stock gave multibagger returns of 120 per cent in just 2 weeks.

Mercury EV-Tech Ltd.’s shares saw heavy buying and hit a 5 per cent upper circuit to Rs 32.79 per share from its previous closing of Rs 31.23. The stock also traded at a new 52-week high of Rs 32.79 per share. The net sales increased by 273 per cent to Rs 6.35 crore and net profit skyrocketed 7,300 per cent to Rs 0.74 crore in Q1FY24 compared to Q1FY23. The stock gave multibagger returns of 110 per cent in just 6 months and over 9,000 per cent returns in 5 years.  

Following is the list of low-priced stocks that were locked in the upper circuit on August 24:

Investors should keep an eye on these stocks.

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