Now Reading: Two penny stocks under Rs 5 hit upper circuit on weak market day
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Two penny stocks under Rs 5 hit upper circuit on weak market day
Two penny stocks under Rs 5 hit upper circuit on weak market day
Two penny stocks priced below Rs 5 hit their 5% upper circuit on 26 August despite a weak session on Dalal Street. ACI Infocom Ltd shares touched an intraday high of Rs 2.58, extending a six-session winning streak. The company has proposed an aviation-focused transformation and will hold an extraordinary general meeting on 9 September 2026 to seek shareholder approval.
NHC Foods Ltd jumped to Rs 2.05, its 15th consecutive gain, nearly doubling over that period. On 25 August, its board approved an increase in authorised share capital to Rs 2,000 crore and the issuance of up to 25.60 crore convertible warrants at Rs 2.10 per share to non-promoters. The company also partially converted FCCBs, increasing paid-up equity capital to Rs 94.38 crore.
Both corporate actions are subject to shareholder and regulatory approvals. Investors are advised to consult certified financial experts before making decisions.
Indian Opinion Analysis
livemint.com ran two stories on the same day covering different penny stocks, ACI Infocom and NHC Foods, but used an identical framing: both were presented as market-mover alerts despite weak broader indices. Neither story questioned the fundamentals behind the price surges. ACI Infocom’s proposed aviation pivot and NHC Foods’ preferential warrant issue were reported as straightforward corporate announcements, without independent expert comment on valuations or promoter intent. Sensorium is missing: readers get no context on dilution risk or the track record of micro-cap turnaround plans. To judge the real safety of these bets, watch the actual fund flow from the proposed warrant conversions, not the circuit limits they hit today.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), livemint.com (2) (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Updated: this story now draws on 2 sources.
