BSE Small-cap: As the market made a sharp recovery, these stocks were locked in upper circuit
Know which small-cap stocks zoomed on the bourses today.
After a gloomy start to the week, Dalal Street bounced back and closed much stronger on Tuesday. All major indices closed in green, with the S&P BSE Reality index gaining 3.5 per cent in today’s session.
At the closing bell on August 30, the Sensex ended at 59,537.07, up by 2.7 per cent or 1564 points.
Igarashi Motors, Best Agrolife and 5Paisa Capital witnessed positive action in today’s session.
Igarashi Motors India Ltd zoomed 20 per cent in today’s session and closed at an upper circuit price of Rs 384.95. The shares of the company opened at Rs 327 which was also the day’s low and driven by strong momentum, surged 20 per cent. Igarashi Motors is primarily engaged in the manufacture of micro motors and their accessories mainly for the automotive sector.
Another stock which was locked in the upper circuit is Best Agrolife at Rs 1105.95. At the intraday low, the agrochemical stock was trading at Rs 916.70. Best Agrolife Limited is a prime part of Best Agro Group, engaged in agrochemical business and accounts for 5 per cent of the domestic agrochemicals market. The company is also a global player with an emerging presence in international markets.
Discount broking firm, 5Paisa Capital rallied sharply in the early trades in today’s session and was locked in the upper circuit of 20 per cent at Rs 344.25. 5paisa Capital is the fastest growing full-service discount brokerage company in the fintech space with diverse services and products encompassing online discounted stock broking, depository services, research and distribution of mutual funds and other financial products.