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Top gaining low-price stocks of the week

15 December 20234 mins read by Angel One
While headlines might grab the attention of blue-chip giants, sometimes the real action lies in the Low-priced stocks. This article explores the top 10 weekly gainers under the price of Rs 100.
Top gaining low-price stocks of the week
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Indian markets soared like rockets on Friday, blasting past previous records with both Sensex and Nifty reaching new all-time highs. The Sensex climbed 1.37% to settle at 71,695.76, while the Nifty rose 1.29% to touch 21,492.30. IT, PSU banks, and metal sectors spearheaded the rally, with tech giants like TCS, HCL Technologies, and Infosys leading the charge. However, some blue-chip companies like HDFC Life, Nestle India, and Bharti Airtel faced resistance, ending in the red.

While headlines might grab the attention of blue-chip giants, sometimes the real action lies in the Low-priced stock section. These low-priced, high-volatility stocks can offer explosive returns for the adventurous investor. This week, several Low-priced stocks defied their humble beginnings and skyrocketed in price, leaving seasoned investors and curious newcomers alike scratching their heads.

Let’s take a closer look at the top gainers: 

S.No.  Name  CMP Rs.  Mar Cap (Rs crore)  Ind PE  P/E  1 week return %
1 Ace Integrated  51.65 52.69 36.59 112.1 42.48
2 BNR Udyog  80.49 24.15 36.59 4.34 40.01
3 Spel Semiconductor  73.27 337.93 75.66 582.63 33.68
4 Colab Cloud  65.7 67.01 21.52 51.55 27.57
5 Shraddha Prime 83.74 169.16 35.54 338.46 27.57
6 HEC Infra Proj. 71.75 72.74 31.36 54.28 27.56
7 AI Champ.Inds.  53.22 163.67 15.89 11.73 27.56
8 Response Info. 66.29 49.57 36.59 79.94 27.55
9 ICDS  58.75 75.09 21.52 93.86 27.29
10 ERP Soft Systems  91.35 36.17 36.59 100.48 26.09

These low-priced top gainer stocks reflect the diversity of opportunities available in the market. Investors should approach such stocks with caution, considering the inherent risks associated with penny stocks. While the market outlook remains positive overall, it’s crucial for investors to conduct thorough research, assess risk tolerance, and make informed decisions aligned with their financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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