Ten-On-Ten: 10 Penny Stocks Below Rs 100 Locked At 10% Upper Circuits On January 24; Do You Own Any?

With Sensex and Nifty rising nearly a per cent on Wednesday after a sharp selloff in the previous session, a total of 10 penny stocks trading below Rs 100 were on a super roll. The majority of these stocks had locked on their upper circuits which meant there were only buyers in them and no sellers. Penny stocks have been gaining momentum since last year with investors finding potential in key stocks.

These penny stocks belong from a diverse segment such as real estate, metals, and financials.

Here is the list of 10 penny stocks that touched 10% upper circuits on January 24:

1. Manaksia Steels:

Iron and steel products company, locked at its 10% upper circuits on January 24 at Rs 84.33 crore. The stock was near its 52-week high of Rs 87.95 apiece. It has a market cap of Rs 552.65 crore.

The company is a multi-location, Multi - Product, light Engineering Company in the field of Metal Products & Metal Formation.

2. Crane Infrastructure:

Realty developer, Crane Infrastructure also froze at a 10% upper circuit of Rs 26.66 apiece with a market cap of Rs 19.31 crore.

Incorporated in May 2008, the company is engaged in the real estate business.

3. Digispice Technologies:

The IT-enabled services provider hit a 10% upper circuit of Rs 32.24 apiece with a market cap of Rs 748.40 crore.

The company was established as Spice Digital in 2000 and has built a strong foothold across diverse domains such as Telecom Solutions, Digital Solutions, Mobile Advertising, Enterprise Mobility and Fintech Solutions. DiGiSPICE is one of the most trusted strategic partners for private and public enterprises as well as governments in countries like India, Kenya, Ghana, Nigeria, Indonesia, Mauritius, Nepal, Afghanistan, and Dubai, among others.

4. Landmark Property Development Company:

Yet another realty company, Landmark's share price touched a 10% upper circuit of Rs 10.69 apiece, which was also near its 52-week high of Rs 10.70 apiece. Its market cap is at Rs 143.40 crore.

Landmark Properties is a fully integrated real estate firm specializing in the acquisition, development, and management of high-quality residential communities. Backed by a deep understanding of the markets, a commitment to quality, and a strong track record of success, Landmark is responsible for some of the premier student housing communities in the nation.

5. Nyssa Corporation:

Nyssa Corp, which is also into the business of residential and commercial complexes, saw its share price lock at 10% upper circuit to Rs 8.95 apiece on BSE with a market cap of Rs 26.85 crore. This was also the stock's new 52-week high.

Nyssa is in the business of construction of residential and commercial complexes having completed projects in Kalyan city of MMR Region and Surat City of Gujarat State. Also, the company is in the business of investing in shares of various companies and providing short-term and long-term strategic finance for real estate projects to maximize return on shareholders' wealth.

6. Jet Freight Logistics:

This logistic solution provider locked at 10% upper circuit to Rs 14.79 apiece with a market cap of Rs 68.54 crore.

Jet Freight is one of the leading freight forwarders today, offering complete logistics solutions. The company offers a wide variety of services to our clients, managing over 150 tonnes of air cargo daily with all the leading global airlines.

7. JHS Svendgaard Laboratories:

Oralcare Products manufacturer, JHS's share price ended at Rs 32.71 apiece which is its 10% upper circuit with a market cap of Rs 212.29 crore on BSE.

Starting with manufacturing only Toothbrushes the company widened its scope to Toothpastes, Mouthwash and Denture Tablets and today is an oral care product manufacturer and exporter. Apart from working on its brands the company also offers Contract Manufacturing Partnership to brands in the domestic and the international market.

8. Arfin India:

Metal company Arfin's share price also hit 10% upper circuit to Rs 53.76 apiece with a market cap of over Rs 848 crore.

Arfin India aspires to be a significant global presence in the Aluminum Recycling and Ferro Alloys sector. Arfin India Limited is a leading provider of high-quality products for various industries. From aluminium deox and alloys to precision-drawn wire and wire rods, our offerings cater to diverse applications.

9. Sumedha Fiscal Services:

Financial services provider, Sumedha's share price touched a 10% upper circuit of Rs 54.39 apiece with a market cap of over Rs 43.43 crore on BSE.

Sumedha Fiscal Services Limited has evolved into a prominent financial services company, marked by a resolute and committed journey. Our array of services encompasses Debt Syndication, Financial Restructuring, Stressed Asset Resolution, Mergers and Acquisitions, Equity Placement, Valuation, Takeover, Delisting & Buyback, Initial Public Offering, and Mutual Funds Distribution.

10. Orient Press:

Packaging stock touched a 10% upper circuit of Rs 95.88 apiece on BSE with a market cap of Rs 94.36 crore.

The company has been devoted to bringing best-in-class solutions in commercial and security printing, flexible packaging and printed cartons.

Disclaimer: The stock just highlights their business and upper circuit limits and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.