Shares below Rs 100: Only buyers were seen in these stocks on August 08

About 1,852 shares have advanced, 1,757 declined and 146 are unchanged on BSE.

On Tuesday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.16 per cent at 65,847 and the NSE Nifty-50 Index down 0.13 per cent at 19,571. About 1,852 shares have advanced, 1,757 declined and 146 are unchanged on BSE.  

Onmobile Global Ltd.’s shares zoomed 20 per cent upper circuit to Rs 95.02 per share with a spurt in volume by more than 9.88 times on BSE. The company announced its Quarterly Results which were the main reason for the increase in stock price. The net sales increased by 1.44 per cent and net profit skyrocketed 139 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 154 per cent in 3 years whereas BSE Telecommunication Index is up by 44.60 per cent.

Visco Trade Associates Ltd.’s stock was locked in a 20 per cent upper circuit to Rs 92.48 per share with a spurt in volume by more than 2.31 times on BSE. The company announced its quarterly results which were the main reason for the increase in stock price. The net sales increased by 238.69 per cent and net profit skyrocketed by 431 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 734 per cent in 3 years whereas BSE Sensex Index is up by 21.31 per cent.

Silver Oak (India) Ltd.’s shares saw heavy buying and hit a 20 per cent upper circuit to Rs 73.16 per share with a spurt in volume by more than 1.98 times on BSE. The Board of Directors of the company will hold a meeting on Saturday, August 12, 2023 inter-alia to consider quarterly results ended June 30, 2023. The stock also made a new 52-week high of Rs 73.16 per share.

Following is the list of low-priced stocks that were locked in the upper circuit on August 08:  

Investors should keep an eye on these stocks.

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