This debt-free penny stock is locked in the upper circuit; do you have it?

The stock surged about 20 per cent in the morning trade.

On January 17, 2023, Trescon Limited which is engaged in providing services in the areas of construction and real estate and allied operations, surged about 20 per cent in the morning trade. Trescon Limited (Formerly Pushpanjali Floriculture Limited) till 2018 was into floricultural activities.

Today, the stock opened at Rs 9.43, with a high and low of Rs 10.81 and Rs 9.02. The stock previously closed at Rs 9.01. The stock is currently trading at Rs 10.81, up by 19.98 per cent. The stock is a part of group X. Today as of 12:30 pm, about 48,862 shares have been traded on the counter.

The S&P BSE Smallcap index opened in the green today gaining about 23 points which were at 28,853.34 with a high of 28,864.10 and a low of 28,763.36. The S&P BSE Smallcap index is currently down by 15.05 points at 28,815.00. As of 12:30 pm the top 3 gainers of the index are Speciality restaurants Ltd, Spencers retail Ltd and Trucap Finance Ltd.

In the last six months, the shares of Trescon Limited have given about -30 per cent returns and in the last one month, it has given about 13 per cent returns. 

The stock has a 52-week high of Rs 35.90 and a 52-week low of Rs 8.01. The company has a ROCE of 1.55 per cent and an ROE of 1.19 per cent with a market capitalisation of Rs 78.3 crore.