Watch Out For These Penny Stocks Locked In The Upper Circuit Today
Out of all BSE-listed companies, 207 stocks were locked in the upper circuit, and 144 stocks were locked in the lower circuit.
Domestic equity bourses, the BSE Sensex and NSE Nifty-50 indices are trading in the green on Thursday. As of 10:50 a.m., the Sensex is up 0.53 per cent at the 76,000 level, and the Nifty-50 soared 0.62 per cent, trading at the 23,032 mark. About 2,361 shares have advanced, 1,272 have declined, and 179 shares were unchanged on BSE.
The broader markets mirrored the frontline indices and traded in the green territory. BSE Mid-Cap Index rose by 0.37 per cent and the BSE Small-Cap Index climbed 0.29 per cent. The top three Penny Stocks locked in the upper circuit were Housing Development & Infrastructure Ltd, Seacoast Shipping Services Ltd and Reliance Home Finance Ltd.
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On March 20, 2025, the market capitalisation of BSE-listed companies was approximately Rs 4.06 lakh crore or USD 4.70 trillion. On the same day, 41 stocks hit a 52-week high, while 71 stocks touched a 52-week low. Of all BSE-listed companies, 207 stocks were locked in the upper circuit, and 144 stocks were locked in the lower circuit.
Following penny stocks are locked in the upper circuit on March 20, 2025:
Housing Development & Infrastructure Ltd: Housing Development & Infrastructure Limited is engaged in real estate construction and development of owned or leased property. On Thursday, shares of the company were locked in the 5 per cent upper circuit at Rs 2.97. The stock has declined significantly over the past year, with concerns about its financial health, including a negative book value and low profitability, raising questions about its future in the market.
Seacoast Shipping Services Ltd: Seacoast Shipping Services Ltd is engaged in the shipping and logistics services business. Its services include clearing and forwarding export containers, full container load and break-bulk, freight broking, and contracts with shipping companies. On March 20, 2025, shares of the company were locked in the 5 per cent upper circuit at Rs 2.88. The company's shares are trading near a 52-week low of 2.60 due to weak fundamentals.
Reliance Home Finance Ltd: Reliance Home Finance Ltd is involved in the housing finance business. It offers home loans such as affordable housing loans, loans against property and construction finance. On Thursday, shares of the company were locked in the 5 per cent upper circuit at Rs 3.44. Recently, SEBI imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for failing to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.
Disclaimer: The article is for informational purposes only and not investment advice.