After a sharp rally in the previous session, both Sensex and Nifty saw an approximately 1% increase on Wednesday. All 10 penny stocks trading below ₹100 were locked in a super circuit.”

Most of these shares had a upper circuit lock, indicating that only buyers were present and no sellers. Penny stock has been gaining momentum since last year, and investors are exploring possibilities in major shares.

These penny stocks are associated with diverse sectors such as real estate, metals, and finance.

Here is a list of 10 penny stocks that hit a 10% upper circuit on January 24th.

1. Manaksia Steels:

On January 26th, the iron and steel products company locked at a 10% upper circuit, reaching a market cap of Rs 84.33 crores. The stock was trading near its 52-week high at Rs 87.95. Its market capitalization stands at Rs 552.65 crores.

The company is a multi-location, multi-product, lightweight engineering company operating in the field of metal production and metal manufacturing.

2. Crane Infrastructure:

The real estate developer, along with a market capitalization of 19.31 crore rupees, has stabilized at 10% above the upper circuit at 26.66 rupees, also involving crane infrastructure.

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

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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.

DiGiSPICE was established in 2000 as Spice Digital, and it has established a strong presence in various domains such as telecom solutions, digital solutions, mobile advertising, enterprise mobility, and fintech solutions. DiGiSPICE is one of the most trusted strategic partners for both private and public enterprises in countries like India, Kenya, Ghana, Nigeria, Indonesia, Mauritius, Nepal, Afghanistan, and Dubai.

4. Landmark Property Development Company:

The share price of Landmark, another realty company, touched an upper circuit of 10% above its current value, reaching around 10.69 INR, close to its 52-week high of 10.70 INR. The market capitalization stands at 143.40 crore INR.

Landmark Properties is a fully integrated real estate firm specializing in the acquisition, development, and management of high-quality residential communities. With a deep understanding of markets, a commitment to quality, and a strong track record of success, Landmark is responsible for several prominent student housing communities across the country.

5. Nyssa Corporation:

Nisacorp, engaged in residential and commercial real estate, witnessed its shares trading at ₹8.95 per share, reflecting a 10% increase with a market capitalization of ₹26.85 crore on the BSE. This also marked a new 52-week high for the stock.

Nisa is engaged in the business of constructing residential and commercial complexes. The company has successfully completed projects in the MMR region, Kalyan city, and Surat city in the state of Gujarat. In addition, it invests in shares of various companies and provides short-term and long-term financial strategies for real estate projects to maximize returns for shareholders.

6. Jet Freight Logistics:

The logistics solution provider closed the upper circuit at ₹14.79 with a market capitalization of ₹68.54 crores.

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Jet Freight is a leading cargo handling entity today, offering comprehensive logistics solutions. The company provides various services to its customers and manages over 150 tons of air cargo daily in collaboration with all major global airlines.

7. JHS Svendgaard Laboratories:

Oral care product manufacturer JHS ended at a share price of Rs. 32.71, hitting its upper circuit of 10% with a market capitalization of ₹212.29 crores on the BSE.

Starting with the manufacturing of only toothbrushes, the company expanded its range to include toothpaste, mouthwash, and denture tablets. Today, it has become a prominent oral care product manufacturer and exporter. Besides working on its own brands, the company also provides contract manufacturing partnerships for brands in domestic and international markets.

8. Arfin India:

The stock price of Metal company ARFIN has reached Rs 53.76, with a 10% upper circuit, and its market capitalization is now over Rs 848 crore.

Arfin India Limited aspires to have a significant global presence in the aluminum recycling and ferroalloy sector. Arfin India Limited is a leading provider of high-quality products for various industries, ranging from aluminum deox and alloy metals to precision-drawn wires and wire rods.

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.