Stocks below Rs 50: Top trading ideas for November 29; watch out!

So, here are the top trading ideas for November 29

It was a horrifying trading session for the Indian benchmark indices as they lost nearly 3 per cent on the last trading session of the week. Nifty lost more than 500 points.   

Among the sectoral indices, barring Nifty Pharma, all other indices ended in red with Nifty Realty and Nifty Metal losing nearly 6.26 per cent & 5.34 per cent, respectively.   

The broader market indices also witnessed a drastic fall on Friday. Nifty Midcap 100 and Smallcap 100 plunged nearly 3.25 per cent & 2.89 per cent, respectively.   

Despite such a terrifying fall, the stock-specific action continued on D-Street. We will share some interesting stock names that trade below Rs 50. This is not a random picking of the stocks as all these stock picks are based on a particular system.  

So, here are the top trading ideas for November 29:   

Jaiprakash Associates: The stock jumped over 6 per cent when the overall market was bleeding red and as a result, it outperformed the benchmark indices. Moreover, the stock recorded its highest single-day volume since June 15, 2021.   

Vivimed Labs: The stock got locked at an upper circuit limit of the day and interestingly, it recorded its highest single-day volume since November 1, 2021.   

Keerti Knowledge & Skills: The stock gained more than 10 per cent and consequently, it outperformed the frontline indices as well as the broader markets.  

Madhucon Projects: The stock got locked at an upper circuit limit of the day and interestingly, it is on the verge of a consolidation breakout.