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Monday, June 26, 2023

Shares below Rs 100: Only buyers were seen in these stocks on June 26 - Dalal Street Investment Journal

About 1,860 shares have advanced, 1,783 declined and 174 are unchanged on BSE.  

On Monday, at 03:30 pm, indices ended the trading session flat with the BSE Sensex Index down 0.01 per cent at 62,970 and the NSE Nifty-50 Index up 0.14 per cent at 18,691.20. About 1,860 shares have advanced, 1,783 declined and 174 are unchanged on BSE.  

Cybele Industries Ltd is in the business of manufacturing, sale and marketing of cables and real estate activities. The shares of the company zoomed 20 per cent upper circuit to Rs 27.30 per share with a spurt in volume by more than 5.25 times on BSE. The stock gave multibagger returns of 171 per cent in just 1 year.

Omega Interactive Technologies Ltd is engaged in the business of software activities including software development. The stock was locked in a 10 per cent upper circuit to Rs 86.27 per share. The shares of the company also traded at a new 52-week high of Rs 86.27. The stock gave multibagger returns of 101.19 per cent in just 1 month and over 150 per cent in just 6 months.           

Taparia Tools Ltd is involved in the manufacturing and trading of hand tools. The company's shares saw heavy buying and hit a 5 per cent upper circuit to Rs 10.50 per share with a spurt in volume by more than 10 times on BSE. The sudden rise in stock price is due to the company declaring a dividend of Rs 77.50 per share and bonus shares in the ratio of 4:1. The company verified the record date for the bonus issue as  July 11, 2023.

Following is the list of low-priced stocks that were locked in the upper circuit on June 26:

Company Name

LTP (Rs)

% Change in Price

Cybele Industries Ltd

27.30

20

Omega Interactive Technologies Ltd

86.27

10

Steel Exchange India Ltd

15.42

9.99

Taparia Tools Ltd

10.5

5

Jonjua Overseas Ltd

12.4

5

Krishna Capital & Securities Ltd

17.64

5

Intellivate Capital Ventures Ltd

18.9

5

Sheetal Diamonds Ltd

18.9

5

Vaarad Ventures Ltd

22.68

5

Stephanotis Finance Ltd

25.63

5

Investors should keep an eye on these stocks.

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Shares below Rs 100: Only buyers were seen in these stocks on June 26 - Dalal Street Investment Journal
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