Shares below Rs 100: Only buyers were seen in these stocks on August 17

About 1,839 shares have advanced, 1,738 declined and 163 are unchanged on BSE.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.60 per cent at 65,151 and the NSE Nifty-50 Index up 0.51 per cent at 19,365. About 1,839 shares have advanced, 1,738 declined and 163 are unchanged on BSE.  

Megasoft Ltd.’s stock was locked in a 20 per cent upper circuit to Rs 54.44 per share with a spurt in volume by more than 8.93 times on BSE and also made a new 52-week high of Rs 54.44. The company announced its Quarterly Results which were the main reason for the increase in stock price. The net profit skyrocketed by 55 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 320 per cent in 2 years and over 700 per cent in 3 years.  

Flexituff Ventures International Ltd.’s shares zoomed 20 per cent upper circuit to Rs 32.74 per share with a spurt in volume by more than 3.36 times on BSE. The company announced its quarterly results which were the company reported a net loss of Rs 38 crore.  

Crane Infrastructure Ltd.’s shares saw heavy buying and hit a 20 per cent upper circuit to Rs 20.01 per share with a spurt in volume by more than 7 times on BSE. The stock is hitting back-to-back upper circuits and 52-week highs after reporting excellent quarterly results. The net sales increased by 865 per cent and net profit increased by 664 per cent in Q1FY24 over Q1FY23. The stock gave multibagger returns of 140 per cent in just 1 year.

Following is the list of low-priced stocks that were locked in the upper circuit on August 17:

Investors should keep an eye on these stocks.

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