Shares below Rs 100: Only buyers were seen in these stocks on December 05!

Shares below Rs 100: Only buyers were seen in these stocks on December 05!

Mandar Wagh
/ Categories: Trending, Mindshare

Shares of RACL Geartech, the top BSE Smallcap Gainer, kept small-cap bulls busy by locking at a 20 per cent upper circuit with a 16-fold surge in volume.

The losses in the BSE Oil & Gas, BSE Energy and BSE IT sectors caused the Indian headline indices to open the week lower amid conflicting global cues. The losing sectors subsequently started to trim their losses as BSE Metals battled to lift the indices upward.  

The top-performing sector was BSE Metals, which recorded gains of 2.37 per cent, led by a rise of over 4 per cent in shares of Hindalco Industries. Main indices were able to recoup the earlier losses as a result and the session ended marginally lower.  

At 3:30 pm, the BSE Sensex edged down by 0.05 per cent, reaching a level of 62,834. The Nifty 50 index lost 0.02 per cent to the 18,701 level. On the Sensex, Tata Steel, NTPC Ltd and State Bank of India were the Top Gainers, whereas Reliance Industries, Tech Mahindra and UltraTech Cement Company were the Top Losers.   

Broader indices gained despite a decline in the main indices. Shares of RACL Geartech, the top BSE Smallcap Gainer, kept Small-Cap bulls busy by locking at a 20 per cent upper circuit with a 16-fold surge in volume.  

In other developments, India's foreign exchange reserves improved for the third week in a row as a consequence of reducing pressure on the rupee as a result of remarks made by the US Federal Reserve chair indicating slower rate hikes and a drop in crude oil prices.  

Following is the list of low-priced stocks that were locked in the upper circuit on December 05:  

Stock Name LTP Change (%)
Advance Metering Technology  20.6 9.87
Pharmaids Pharmaceuticals 19.6 9.8
Shri Gang Industries 94.5 5
Cochin Malabar Estates  92.4 5
Beekay Niryat  78.75 5
Morgan Ventures  66.2 5
Maxheights Infrastructure  33.6 5
Mefcom Capital Markets 32.55 5
Shashijit Infraprojects  30.45 5
Indus Finance  26.25 5
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