 "Over 500 stocks locked upper circuit on BSE")
A rally in small and mid-sized companies mainly non-A group are on a roll with one out of every five traded stocks were locked in upper circuit on the Bombay Stock Exchange (BSE).
Of the 2,707 non-A group stocks that are traded on the BSE, as many as 532 were locked in upper circuit levels and there were no sellers on the counter. Of these 29 stocks were frozen upper circuit of 20%, 53 at 10% and 347 at 5%, the BSE data shows.
The S&P BSE Smallcap and Midcap index ended higher 1% each today as compared 0.17% decline in the S&P BSE Sensex.
Among the individual stocks, Arshiya soared 20% to Rs 51.15 after the company announced its exit from Corporate Debt Restructuring (CDR) scheme.
Surya Roshni (Rs 175), Jindal Hotels (Rs 45), Shilchar Technologies (Rs 250), Danlaw Technologies India (Rs 113) and Singer India (Rs 260) are among few that locked at 20% upper circuit on the BSE.
Tide Water Oil (India) locked in upper circuit of 10% at Rs 31,028, also its lifetime high on the BSE. Since December 21, the stock zoomed nearly 80% from Rs 17,332 after the company announced that its board will meet on January 15 to consider bonus issue and stock split.
Meanwhile, the open offer of the company closes on December 30. Standard Greases, along with Janus Consolidated Finance, Singapore’s Alpha TC Holdings and Tata Capital Growth Fund I, had announced an open offer to buy up to 26% stake or 2.26 lakh shares in the company. Standard Greases already holds about 25% in the firm. Offer price was revised from Rs 16,632 a share earlier to Rs 17,505 per share.
Among the sectoral classification, of these total stocks, 66 stocks from the textile sector, 48 from non-banking finance companies (NBFC), 45 from information technology, 37 from pharmaceuticals and 24 from chemicals industry.
Of the 2,707 non-A group stocks that are traded on the BSE, as many as 532 were locked in upper circuit levels and there were no sellers on the counter. Of these 29 stocks were frozen upper circuit of 20%, 53 at 10% and 347 at 5%, the BSE data shows.
The S&P BSE Smallcap and Midcap index ended higher 1% each today as compared 0.17% decline in the S&P BSE Sensex.
Among the individual stocks, Arshiya soared 20% to Rs 51.15 after the company announced its exit from Corporate Debt Restructuring (CDR) scheme.
Surya Roshni (Rs 175), Jindal Hotels (Rs 45), Shilchar Technologies (Rs 250), Danlaw Technologies India (Rs 113) and Singer India (Rs 260) are among few that locked at 20% upper circuit on the BSE.
Tide Water Oil (India) locked in upper circuit of 10% at Rs 31,028, also its lifetime high on the BSE. Since December 21, the stock zoomed nearly 80% from Rs 17,332 after the company announced that its board will meet on January 15 to consider bonus issue and stock split.
Meanwhile, the open offer of the company closes on December 30. Standard Greases, along with Janus Consolidated Finance, Singapore’s Alpha TC Holdings and Tata Capital Growth Fund I, had announced an open offer to buy up to 26% stake or 2.26 lakh shares in the company. Standard Greases already holds about 25% in the firm. Offer price was revised from Rs 16,632 a share earlier to Rs 17,505 per share.
Among the sectoral classification, of these total stocks, 66 stocks from the textile sector, 48 from non-banking finance companies (NBFC), 45 from information technology, 37 from pharmaceuticals and 24 from chemicals industry.
| Group | Upper Circuit | Lower Circuit | Total |
| A | 0 | 1 | 1 |
| B | 140 | 17 | 157 |
| M | 2 | 0 | 2 |
| P | 13 | 2 | 15 |
| T | 74 | 18 | 92 |
| XC | 5 | 3 | 8 |
| XD | 153 | 46 | 199 |
| XT | 145 | 43 | 188 |
| Total | 532 | 130 | 662 |
| Source: BSE | |||