Stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on December 14

The company's stock has seen some positive attention, which has led to a sharp rise in price and back-to-back upper circuits throughout the recent trading sessions.

On Wednesday, the benchmark indices closed higher with Sensex up around 0.23 per cent at 62,667.91, and BSE Consumer Discretionary also closed higher, up by 0.55 per cent at 5,932.85. One of the Top Gainers on the BSE today, shares of Siti Networks Ltd surged 20 per cent to reach the upper price band of Rs 2.46 per share

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As of September 2022, the shareholding pattern of the company is promoters holding 6.1 per cent, DIIs holding 7.31 per cent and the public holding 86.59 per cent, respectively. The company has an ROE of 34.61 per cent. Furthermore, the company's stock has seen some positive attention, which has led to a sharp rise in price and back-to-back upper circuits throughout the recent trading sessions. Today, the stock saw a spurt in volume by more than 5.31 times on BSE.

Siti Networks Limited is a wired broadband service provider, it is engaged in the distribution of television channels through a digital cable distribution network and allied services. The company has purchased more than 51 per cent of E-Net Entertainment Ltd and Meghbela Infitel Cable & Broadband Ltd. As a result, these two companies have become subsidiaries of Siti Networks Ltd.

The stock has increased by 52.80 per cent in just one month while the BSE Sensex has only increased by 1.3 per cent. Investors must keep this stock on their watch list.