Watch Out For These Penny Stocks Locked In The Upper Circuit Today
Among all BSE-listed companies, 297 stocks were locked in the upper circuit, and 177 stocks were locked in the lower circuit.
Domestic equity bourses, the BSE Sensex and NSE Nifty-50 indices, are trading in the green on Monday. As of 11:10 a.m., the Sensex is up 1.05 per cent and the Nifty-50 has soared 1.16 per cent, trading above the 23,000 mark.
The top three Penny Stocks locked in the upper circuit were Salasar Techno Engineering Ltd, Madhucon Projects Ltd, and Energy Development Company Ltd.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
On March 24, 2025, the market capitalisation of BSE-listed companies was approximately Rs 4.18 lakh crore or USD 4.85 trillion. On the same day, 73 stocks hit a 52-week high, while 79 stocks touched a 52-week low. Among all BSE-listed companies, 297 stocks were locked in the upper circuit, and 177 stocks were locked in the lower circuit.
The following penny stocks were locked in the upper circuit on March 24, 2025:
Salasar Techno Engineering Ltd: Salasar Techno Engineering Ltd engages in the manufacture and trade of steel items. On Monday, shares of the company were locked in the 20 per cent upper circuit at Rs 9.68. In December 2024, DIIs took a fresh entry and bought 15,00,000 shares or 0.09 per cent stake. The stock gave multibagger returns of 780 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Madhucon Projects Ltd: Madhucon Projects Ltd engages in the provision of infrastructure and construction services. On March 24, 2025, shares of the company were locked in the 5 per cent upper circuit at Rs 6.90. In September 2024, the Hyderabad zonal unit of the Directorate of Enforcement (ED) filed a Prosecution Complaint (PC) before the Special Court (PMLA) against Madhucon Projects Ltd under the provisions of the Prevention of Money Laundering Act (PMLA)- 2002.
Energy Development Company Ltd: Energy Development Co. Ltd engages in the business of power generation and infrastructure development. On Monday, shares of the company were locked in the 5 per cent upper circuit at Rs 18.96. The stock has decreased significantly over the past year, and technical indicators point to a bearish trend, reflecting ongoing challenges in its performance and fundamentals.
Disclaimer: The article is for informational purposes only and not investment advice.