Watch out for this stock which was locked in the upper circuit on March 09
In just 5 trading sessions, the stock is up by 41.51 per cent.
On Thursday, the Indian benchmark indices ended the trading session in the red, the BSE Sensex Index down 0.90 per cent at a level of 59,806.28 and NSE Nifty-50 Index down 0.93 per cent at a level of 17,589.60.
Despite being a weak market today, one of the Top Gainers on BSE, shares of Orissa Bengal Carrier Ltd surged and reached Rs 72.74 per share after being locked in a 20 per cent upper circuit from its previous closing of Rs 60.20.
The stock hit back-to-back upper circuits in the past 2 trading sessions. Today, shares of the company saw a spurt in volume by more than 4.95 times on BSE. In just 5 trading sessions, the stock is up by 41.51 per cent.
Orissa Bengal Carrier Ltd is engaged in the transportation & logistics business, headquartered in Chhattisgarh. The main business activity of the company is full truck load transport service wherein it does transport the consignment by road all over India.
The company has a market cap of Rs 152.30 crore as of March 09, 2023. In Q3FY23, net sales and net profit rose over 30 per cent each compared to Q3FY22. The stock has a 52-week high of Rs 184 and a 52-week low of Rs 46.65. Investors should keep this stock under their watchlist.