Check Out The Best Lower-Circuit Stocks In Nse India In 2024
Introduction
The lowest position a stock’s price can hit is called the lower circuit. The stocks in the lower circuit category are those that have a high sales demand but a low purchase demand. This blog helps you understand what lower circuit stocks are and the top ones to watch out for in 2024.
What are lower circuit stocks?
When a stock performs poorly, investors sell it to save money before its crash results in losses. Consequently, the stock’s price falls to the lower circuit stock level.
Lower circuit or only sellers stocks refer to stocks with only sell orders but no buy orders in the National Stock Exchange (NSE). The specific stocks follow a bearish trend, wherein investors want to sell them. However, there are no buyers who can fulfill the orders.
The prices of lower circuit stocks can reach the minimum percentage the stock exchange allows for that particular trading day. These stocks belong to companies struggling with financial distress or other issues forcing investors to sell off their positions.
Top 5 lower circuit stocks to keep an eye on in NSE India
1. Narmada Agrobase Ltd. (NSE: NARMADA)
Narmada Agrobase belongs to the food processing sector. It manufactures and processes cotton seed meal cake, soya bean meal, and cattle feeds. The by-products of its products are used in the textiles, paper, and consumer goods industries. The company was established in 2013, with its headquarters in Gujarat.
As of April 4, 2024, the company’s market capitalisation was worth Rs. 32 crore. Its stock price closed at Rs. 23.90, with the day’s lowest at Rs. 22.05 and total volume of 22,456 shares.
2. SPML Infra (NSE: SPMLINFRA)
SPML Infra is one of India’s leading infrastructure development companies. It focuses on sustainable development for smart cities and promotes access to essential services for all. The company’s forte lies in offering turnkey end-to-end water and wastewater management solutions. SPML Infra was incorporated in 1981, and its head office is in New Delhi.
On April 4, 2024, the company’s stock price closed at Rs. 130, touching a low of Rs. 128. The volume of shares traded was 1,07,912. The company’s market capitalisation was worth Rs. 636 crore.
3. Bajaj Holdings (NSE: BAJAJHLDNG)
Bajaj Holdings & Investment Limited (BHIL), formerly Bajaj Auto Limited, was demerged in December 2007. The company is registered as a non-banking financial company (NBFC) with the Reserve Bank of India (RBI). It focuses on earning money through dividends, interest, and gains on its positions.
The company had a market capitalisation of Rs. 90,421 crore as of April 4, 2024. Its stock price closed at Rs. 8,124.60, down by 2.79%. Its lowest price for the day was Rs. 8,115. The volume traded was 61,071 shares.
4. Chemfab Alkalis Ltd. (NSE: CHEMFAB)
Chemfab Alkalis was established in 1985 by Dr. Rao. It belongs to the commodity chemicals sector. It is one of the first Indian chemical organisations to introduce and implement innovative technologies. Its adoption of membrane technology for the production of Chloralkali has reformed the sector across the nation.
The company’s share price closed at Rs. 693 on April 4, 2024. The volume of shares traded was 41,067, with the day’s lowest stock price as Rs. 687.65. Chemfab Alkalis’ market capitalisation was Rs. 985 crore.
5. Zenith Exports Ltd. (NSE: ZENITHEXPO)
Zenith Exports was established in July 1981. It is engaged in the business of leather goods and textile fabrics. It blends traditional weaving methods and designs with modern techniques to achieve a high-end finish and quality.
As of April 4, 2024, the company’s stocks closed at Rs. 187.10. The volume of shares traded was 6,949. Zenith Exports’ market capitalisation stood at Rs. 100 crore.
Conclusion
Lower circuit stock investments carry a high risk and high reward. They can offer good returns. However, you must do your homework and learn about the potential risks. Selling short or buying put on lower circuit stocks can help you limit your losses in a declining market. The above-mentioned lower-circuit stocks in NSE India are a good start for 2024. You can use short-term trading strategies like day trading or scalping.
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