Mumbai, February 04, 2026 – Indian equities navigated a turbulent session on Wednesday, with Nifty dipping 0.2% to 25,500 and Sensex flat at 83,300, as mixed Q3 earnings from consumer sectors offset drags from small-caps amid cautious FII flows (₹1,000 Cr net sell). In a display of extreme volatility, 4 scrips touched both upper and lower price bands (mostly 5%), fueled by low-float speculation and rapid sentiment shifts in SM/BE series. This continues January's erratic trend, with FLYSBS (down 4.99% to ₹488.20 after swings), AURIGROW (up 4.65% to ₹0.45 amid penny buzz), and ZENITHSTL (down 5% to ₹5.13 on steel pressures) exemplifying the action, totaling modest ₹5.6 Cr in value traded.
The dual touches reflect opportunistic trading in penny stocks, without major catalysts but linked to earnings flux. Volumes were average, decliners edging advancers 1.1:1. Analysts see this as short-term noise—upside potential if global cues improve.
Top Dual Band Swingers (Sorted by Traded Value)
Snapshot of the volatile names that hit both ceilings and floors, per BSE/NSE:
| Rank | Stock Name | Series | LTP (₹) | % Change | Price Band (%) | Volume (Lakh Shares) | Traded Value (₹ Cr) |
|---|---|---|---|---|---|---|---|
| 1 | FLYSBS | SM | 488.20 | -4.99 | 5.00 | 0.79 | 4.03 |
| 2 | AURIGROW | BE | 0.45 | 4.65 | 5.00 | 223.36 | 0.98 |
| 3 | ZENITHSTL | EQ | 5.13 | -5.00 | 5.00 | 11.65 | 0.60 |
| 4 | ORTEL | BZ | 1.45 | -0.68 | 5.00 | 0.02 | 0.00 |
Key Highlights:
- FLYSBS's SME Slump: Swung 5% bands to close down 4.99% at ₹488.20, trading ₹4.03 Cr amid order uncertainty—volumes steady.
- AURIGROW's Penny Pop: Up 4.65% to ₹0.45 after dual hits, with massive 223 lakh shares moved for ₹0.98 Cr on low-float caution.
- ZENITHSTL's Steel Squeeze: Down 5% to ₹5.13 post-swings, pressured by commodity volatility; ₹0.60 Cr turnover.
- Penny Frenzy: ORTEL (-0.68% to ₹1.45) typified low-cap chaos in BZ series.
