DSIJ Mindshare

Shares below Rs 100: Only buyers were seen in these stocks on August 22
Kiran Shroff
/ Categories: Trending, Mindshare

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.

DSIJ's Penny Pick service provides research-backed penny stock recommendations below Rs 100. If this interests you, you can download the service details here.

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

Stock Name

LTP (Rs)

% Change in Price

Nanavati Ventures Ltd

58.05

19.99

Innovative Tech Pack Ltd

21.01

19.99

Ecoboard Industries Ltd

20.41

19.99

Aspira Pathlab & Diagnostics Ltd

33.28

19.97

Shree Bhavya Fabrics Ltd

21.63

19.97

Labelkraft Technologies Ltd

79.2

10

DRA Consultants Ltd

28.05

10

Neil Industries Ltd

10.12

10

JMJ Fintech Ltd

24.35

9.98

Crane Infrastructure Ltd

26.58

9.97

Cinevista Ltd

15.27

9.94

Investors should keep an eye on these stocks.

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

Previous Article ICICI Prudential Value Discovery Fund marks 19 years of value investing triumph!
Next Article Back-to-back upper circuits: Heavy buying witnesses in this micro-cap stock as it receives orders worth Rs 850 crore!
Print
1399 Rate this article:
4.2
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR