Shares below Rs 100: Only buyers were seen in these stocks on August 18

About 1,527 shares have advanced, 2,086 declined and 135 are unchanged on BSE.

On Friday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.31 per cent at 64,949 and the NSE Nifty-50 Index down 0.28 per cent at 19,310. About 1,527 shares have advanced, 2,086 declined and 135 are unchanged on BSE.  

Crane Infrastructure Ltd.’s shares saw heavy buying and hit a 20 per cent upper circuit to Rs 22.01 per share with a spurt in volume by more than 3.11 times on BSE. The stock is hitting back-to-back upper circuits and 52-week highs after reporting excellent Quarterly Results. The net sales increased by 865 per cent and net profit increased by 664 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 170 per cent in just 1 year.

Danube Industries Ltd.’s stock was locked in a 5 per cent upper circuit to Rs 17.06 per share with a spurt in volume by more than 20.14 times on BSE. The company announced its stellar quarterly results and bonus shares which were the main reason for the increase in stock price. The stock is up by 25 per cent in just 5 days and over 700 per cent in 3 years.

GPT Infraprojects Ltd.’s shares zoomed 2 per cent upper circuit to Rs 76.92 per share. The company announced has bagged an order valued at Rs 32 crore from Principal Materials Manager, Eastern Railway, Kolkata. The contract is for the manufacture and supply of a mono-block pre-stressed concrete sleeper confirmed to RDSO Drg No 8746. The stock has a PE of 12.90x whereas the industry PE is 31x.

Following is the list of low-priced stocks that were locked in the upper circuit on August 18:

Investors should keep an eye on these stocks.

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