Low Price Shares locked in Upper Circuit on September 16

5paisa Research Team 5paisa Research Team 7th September 2023 - 05:09 pm

The domestic markets traded lower in Friday’s trading session dragged by IT stocks.

Among the frontline indices, Nifty50 declined over 195 points and was trading below 17,700 levels and the BSE Sensex declined over 642.35 points to trade at 59,291.66 levels. Among Sensex, the only stocks that were gaining were IndusInd Bank, Sun Pharmaceutical Industries, Titan and Kotak Mahindra Bank whereas M&M, Tech Mahindra, Ultratech Cement, Infosys and TCS were the top Sensex losers.

List of Low Price Shares Today: September 16

Following is the list of low price stocks locked in the upper circuit on September 16. Keep a close eye on these counters for the upcoming sessions.

Sr No.	Security Name	LTP(Rs)	Circuit Limit %
1	Mcleod Russel India	28.35	19.87
2	Sharp India	83.6	10
3	Vibrant Global Capital	57.35	9.97
4	Valencia Nutrition	19.32	9.96
5	Unique Organics	48.2	9.92
6	11AMD	38.25	9.91
7	Sujala Trading Holdings	17.35	9.81
8	Jaipan Industries	27.3	5
9	Arshiya	14.7	5
10	Macro (International) Exports	27.3	5

On the sectoral front, all the sectors were trading in red with the BSE IT Index being the worst performing sector plunging more than 2% as compared to their sectoral peers. The top three IT stocks pulling the index down comprised Intellect Design Arena, Xelpmoc Design and Tech and RPSG Ventures.

In line with benchmark indices, the broader markets were trading lower with the BSE Midcap Index losing 1.52% and the BSE Smallcap index declining 1.11%. Despite the pressure, the top three midcap stocks emerged to be 3M India, SJVN and Bharat Electronics whereas the top three small-cap stocks were made up of Mcleod Russel India, Tata Steel Long Products and Mishra Dhatu Nigam.

Besides, the initial public offering (IPO) of leading precision bearing cages manufacturer Harsha Engineers International continued to attract a strong response from investors in today’s trading session. The maximum response was seen from non-institutional investors followed by retail investors.

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