Shares below Rs 100: Only buyers were seen in these stocks on August 16

About 1,553 shares have advanced, 2,175 declined and 167 are unchanged on BSE.

On Wednesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.21 per cent at 65,539.42 and the NSE Nifty-50 Index up 0.03 per cent at 19,435. About 1,553 shares have advanced, 2,175 declined and 167 are unchanged on BSE.  

Texmo Pipes and Products Ltd.’s stock was locked in a 20 per cent upper circuit to Rs 81.98 per share with a spurt in volume by more than 10.17 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 25.73 per cent and net profit skyrocketed by 1,556 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 500 per cent in 3 years whereas BSE Sensex Index is up by 73 per cent.

Swarnsarita Jewels India Ltd.’s shares zoomed 20 per cent upper circuit to Rs 24.57 per share with a spurt in volume by more than 13.02 times on BSE. The company announced its quarterly results which were the main reason for the increase in stock price. The net profit skyrocketed by 109 per cent to Rs 5.58 crore in Q1FY24 over Q1FY23. The stock has a PE of 6.08x whereas the industry PE is 28.2x.

R S Software Ltd.’s shares saw heavy buying and hit a 5 per cent upper circuit to Rs 59.17 per share. The stock is hitting back-to-back upper circuits and 52-week highs after reporting excellent quarterly results. The net sales increased by 131.13 per cent and net profit increased by 135 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 105 per cent in just 6 months.

Following is the list of low-priced stocks that were locked in the upper circuit on August 16: 

Investors should keep an eye on these stocks.

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