These stocks below Rs 30 are trading higher in a sluggish market!

As July started on a negative note, these stocks have jumped over 4 per cent.

The month of July commenced on a sluggish note as the market witnessed a fall. Steep fall in the shares of the largest market cap, Reliance, further depreciation of the rupee to a new low of Rs 79.11, and weakness in the global market due to the recession worries in the USA were the reasons behind this downfall. At 1 pm, the S&P BSE is at 52,671.99, a decline of 0.65 per cent. Beating all the negative sentiments Anuroop Packaging Ltd and PVP Ventures Ltd are Friday’s mid-day movers. 

Anuroop Packaging Ltd is engaged in the business of providing quality fixed packaging products such as corrugated boxes, sheets, and boards to clients from various industries such as pharmaceutical, stationery, metals, water treatment, etc. In its press release, the company mentioned that it is considering the Migration of the Company from the SME Platform of BSE Limited to the Main Board of BSE Limited and National Stock Exchange of India Limited and any other incidental matter thereto. Post this news, today, the shares of the company have hit a fresh 52-week high at Rs 26.45, after gaining 4.34 per cent. 

PVP Ventures is engaged in developing urban infrastructure and investments in various ventures. In its press release, the company announced that it has entered into a definitive agreement with Casagrand Builders Private Limited to develop a residential community on a portion of its land parcel situated at Perambur, Chennai on a joint development basis and has also executed a definitive sale agreement to sell a portion of its land parcel. Today, the stock reached its upper circuit at Rs 5.43, after gaining 4.83 per cent.