Mid-cap and Small-cap stocks bucked the bearish trend and outperformed broader markets
On Thursday, Indian equity markets staged a decent recovery in the latter half of the trading session. Nifty 50 closed at 17,629.8 down by 0.50 per cent. Mid-Cap and Small-Cap stocks bucked the bearish trend and outperformed broader markets.
The following low-priced stocks are likely to be in focus on Friday, September 23, 2022:
Lakshmi Finance & Industrial Corporation – The counter saw a solid price volume breakout during the first half of the trading session. The scrip locked at 20 per cent upper circuit, recording a fresh intraday high of Rs 112.85 per share. Incorporated in 1980, it is an investment company registered with RBI and is engaged in the business of investment in equity shares & mutual funds.
Autoline Industries – Only buyers were seen in the counter today as the scrip hit a 10 per cent upper price band of Rs 96 per share on NSE, hitting a fresh 52-week high. The stock has zoomed more than 35.59 per cent in the last one month. The stock currently trades at a PE of 24.26. Established in 1996, Autoline Industries Ltd is a prominent auto components manufacturer & supplier to OEMs as well as other automobile companies.
PC Jeweller – Heavy buying was seen in the counter today and the scrip froze at a 5 per cent to record a fresh 52-week high of Rs 85.45 per share on NSE. The stock has rallied 15.08 per cent in the last five trading sessions. The company is engaged in the business of manufacturing, sale as well as trading gold jewellery, diamond-studded jewellery & silver items and operates in different geographical areas.
Fourth Dimension Solutions – The scrip hit an upper price band of Rs 37 per share on NSE. It locked back-to-back upper circuits over the past several trading sessions. Besides, the stock has rallied 27.15 per cent over the last five trading sessions.
Following is the list of low-priced price volume breakout stocks that witnessed heavy buying in today’s session:
|Low Priced Stocks||LTP||Gain (%)||Volume Change (times)|
|Suven Life Science||76.5||2.68||1.81|
Keep a close eye on these counters for the upcoming sessions!