Watch Out For These Penny Stocks Locked In The Upper Circuit Today
Among all BSE-listed companies, 173 stocks were locked in the upper circuit, and 280 stocks were locked in the lower circuit.
Domestic equity bourses, the BSE Sensex and NSE Nifty-50 indices, are trading in the red on Wednesday. As of 13:00 p.m., the Sensex is down 42 points, and the Nifty-50 slipped 30 points, trading above the 23,500 mark.
The top three Penny Stocks locked in the upper circuit were Reliance Home Finance Ltd, Binani Industries Ltd and Rhetan TMT Ltd.
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On March 28, 2025, the market capitalisation of BSE-listed companies was approximately Rs 4.14 lakh crore or USD 4.83 trillion. On the same day, 48 stocks hit a 52-week high, while 296 stocks touched a 52-week low. Among all BSE-listed companies, 173 stocks were locked in the upper circuit, and 280 stocks were locked in the lower circuit.
The following penny stocks are locked in the upper circuit on March 28, 2025:
Reliance Home Finance Ltd: Reliance Home Finance Ltd. operates in the housing finance sector, offering home loans and related financial services. On Friday, shares of the company were locked in the 4.97 per cent upper circuit at Rs 3.38. The stock has shown significant volatility, with past financial difficulties impacting investor sentiment. The company's performance has been affected by regulatory constraints and high debt levels, raising concerns about long-term sustainability.
Binani Industries Ltd: Binani Industries Ltd. is a diversified holding company with interests in cement, glass fiber, and composites. On Friday, shares of the company hit the 9.96 per cent upper circuit at Rs 10.16. The stock has been highly volatile, reflecting past financial restructuring and ongoing challenges. While the company has undertaken strategic measures to improve performance, concerns about leverage and operational efficiency remain.
Rhetan TMT Ltd: Rhetan TMT Ltd. operates in the steel and TMT bar manufacturing sector, catering to construction and infrastructure projects. On Friday, shares of the company were locked in the 4.99 per cent upper circuit at Rs 17.04. The stock has witnessed sharp movements, reflecting market speculation and investor activity. While demand for TMT bars remains strong, financial stability and operational margins are key areas to monitor.
Disclaimer: The article is for informational purposes only and not investment advice.