Shares below Rs 100: Only buyers were seen in these stocks on August 28

About 2,066 shares have advanced, 1,676 declined and 165 are unchanged on BSE.

On Monday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.17 per cent at 64,997 and the NSE Nifty-50 Index up 0.21 per cent at 19,306. About 2,066 shares have advanced, 1,676 declined and 165 are unchanged on BSE.  

Vijay Kedia’s portfolio multibagger stock, Patel Engineering Ltd, saw heavy buying and hit a 5 per cent upper circuit to Rs 57.01 per share with a spurt in volume by 1.17 times on BSE. The company along with the JV Partner has received a letter of award for the Dibang Multipurpose Project for construction of civil works for Lot-4 from NHPC Limited. The company is a 50 per cent partner in the JV valued at Rs 3,637.12 crore and out of Patel Engineering’s share in the project is Rs. 1,818.56 crore. Vijay Kedia owns a 1.68 per cent stake in the company. The stock gave multibagger returns of 320 per cent in just 6 months.   

Graviss Hospitality Ltd.’s shares were locked in 20 per cent upper circuit to Rs 38.90 per share with a spurt in volume by more than 7.37 times on BSE. The stock also traded at a new 52-week high is Rs 38.90 per share. The stock is up by 99 per cent in just 1 year. In FY23, the net sales increased by 83.25 per cent to Rs 52.72 crore and net profit increased by 467 per cent to Rs 7.27 crore compared to FY22.

Jaiprakash Associates Ltd.’s shares saw heavy buying and hit a 10 per cent upper circuit to Rs 10.99 per share with a spurt in volume by more than 6.38 times on BSE. The stock is up by 40 per cent in just 1 week. The stock gave multibagger returns of 190 per cent in 3 years. The company is doing good sales but from last 9 quarters, it is making huge losses.

Following is the list of low-priced stocks that were locked in the upper circuit on August 28:

Investors should keep an eye on these stocks.

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