Shares below Rs 100: Only buyers were seen in these stocks on August 22

About 2,211 shares have advanced, 1,446 declined and 128 are unchanged on BSE.

On Tuesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.01 per cent at 65,220 and the NSE Nifty-50 Index up 0.01 per cent at 19,396. About 2,211 shares have advanced, 1,446 declined and 128 are unchanged on BSE.  

Ecoboard Industries Ltd.’s shares were locked in 20 per cent upper circuit to Rs 20.41 per share with a spurt in volume by more than 2.23 times on BSE. The company has received multiple orders from customers up to Rs 24 crore. The company has initiated working and positive returns will start reflected in the upcoming quarter. The stock gave multibagger returns of over 630 per cent in just 3 years.  

Neil Industries Ltd.’s shares zoomed 10 per cent upper circuit to Rs 10.12 per share after hitting back-to-back 3 consecutive lower circuits. The stock has a PE of 10.5x whereas the industry PE is 23.1x. The stock is currently trading at 0.43 times its book value of Rs 28.1. The company reported positive numbers in its Quarterly Results and annual results.  

Crane Infrastructure Ltd.’s shares saw heavy buying and hit a 10 per cent upper circuit to Rs 26.58 per share with a spurt in volume by more than 3.63 times on BSE. The stock is soaring to new heights after reporting strong quarterly results. Net sales increased by a whopping 865 per cent and net profit increased by 664 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 120 per cent in just 1 month.

Following is the list of low-priced stocks that were locked in the upper circuit on August 22:

Investors should keep an eye on these stocks.

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