Watch out for these low-priced stocks tomorrow!

Mid-cap and Small-cap stocks underperformed broader markets today.

On Monday, Indian equity staged a decent recovery to end with positive developments in the green territory. Nifty 50 recorded gains of 0.52 per cent to end the session at 17,622.2. Mid-cap and Small-cap stocks underperformed broader markets today.

The following low-priced stocks are likely to be in focus on Tuesday, September 20, 2022:   

Transformers & Rectifiers (India) - A solid price volume breakout was witnessed in this counter in the first half of the trading session today. It rallied more than 16 per cent to record a fresh 52-week high of Rs 52.80 on NSE. The scrip currently trades at a PE of 36.73. The stock has gained 24 per cent over the last five trading sessions.  

TRIL is amongst the largest transformer manufacturers in India with an aggregate installed capacity of 33,200 MVA as of March 31, 2020. It has three units in Gujarat. The company is present in a wide range of transformers, which have applications in the power transmission & distribution sector and other industrial sectors.

McLeod Russel India – Only buyers were seen in the counter today as the scrip locked at 20 per cent upper circuit, recording an intraday high of Rs 34.25 per share on NSE. The 52-week high of the company’s shares stands at Rs 35.15. McLeod Russel India Ltd is a part of Williamson Magor Group. The company is engaged in the business of cultivation, manufacture, and sale of tea in the domestic as well as the international markets.  

Fourth Dimension Solutions – The scrip hit an upper price band of Rs 30.55 per share on NSE. It locked back-to-back upper circuits over the past several trading sessions. The stock has rallied 21.23 per cent over the last five trading sessions.  

The company is a CMMI Level 5 IT infrastructure, technical support services, and operations outsourcing company. It is engaged in designing, developing, deploying, and delivering IT infrastructure & services. 

Following is the list of low-priced price volume breakout stocks that witnessed heavy buying in today’s session:   

Keep a close eye on these counters for the upcoming sessions!