UPPER CIRCUIT
Orient Technologies shares hit 5% upper circuit after strong listing
Orient Technologies Share Price: Despite the listing being below grey market expectations, the IPO was oversubscribed 152 times, showing solid investor confidence.
NIIT shares hit 20% upper circuit after Ramesh Damani acquires stake
NIIT Share Price: NIIT shares climbed 20% to a day’s high of Rs 153.84 on the NSE after ace investor Ramesh Damani acquired a 0.59% stake in the education company, valued at Rs 10.02 crore, through an open market transaction. Over the past two trading sessions, NIIT’s stock price has soared by 29%, rising from Rs 119.08 on Thursday, August 22, to its current level.
Reliance Power shares hit 5% lower circuit after Sebi ban on Anil Ambani
Shares of Reliance Power fell by 5% after Sebi barred Anil Ambani from the securities market for five years, citing fund siphoning from Reliance Home Finance.
Saraswati Saree shares hit 5% upper circuit post strong listing
Saraswati Saree Depot's shares rose 5% to Rs 209.95 on their debut day, following a strong IPO subscription of over 107 times. The company, known for its sarees business, reported revenue of Rs 610 crore in fiscal 2024. Investors are advised to hold shares for medium to long-term growth prospects.
Paras Defence shares hit 5% upper circuit as associate secures Rs 305 crore order from L&T
Paras Defence shares rose 5% to Rs 1,207 after its associate, Controp-Paras Technologies, received a Rs 305 crore order from L&T for 244 Sight-25 HD Electro-Optics Systems. The order will be fulfilled in 47 months, with Paras Defence meeting Indian Content requirements. The stock has gained nearly 60% year-to-date.
Ola Electric shares rally 20%, hit upper circuit on day 2 after listing; crosses Rs 100 per share mark
Ola Electric Share Price NSE: Shares of the recently listed Ola Electric surged 20% today, hitting the upper circuit limit of Rs 109.41 on the BSE, on the second day following its debut on the stock exchanges.
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Ola Electric shares hit upper circuit post muted debut
Ola Electric shares jumped 20% to hit the upper circuit on the BSE following a flat market debut. The stock listed at Rs 76 on the NSE. The IPO was subscribed 4.26 times, with retail investors showing significant interest. The IPO included a fresh issue of Rs 5,500 crore and an offer for sale (OFS) of 84 million shares.
Ola Electric shares recharge up to 20%, hit upper circuit after lackluster listing
Ola Electric Share Price: Ola Electric's shares jumped 20% to Rs 91.20 on the NSE despite a lukewarm IPO reception. The IPO booked only 4.26 times. Significant investors remain wary due to ongoing losses and market competition. Increased scooter sales boosted revenue, but annual losses widened. Risk-takers are advised to hold for 2-3 years.
Venky's shares hit 20% upper circuit after Q1 profit soars 287% YoY to Rs 75 crore
Revenue from operations stood at Rs 808 crore, down 17% YoY from Rs 976.44 crore reported in the corresponding quarter of the previous financial year. The overall revenue was down because of a decline in revenue of the company’s oil seed segment.
Bandhan Bank shares hit 10% upper circuit as target prices rise after Q1 beat
Bandhan Bank Share Price-Q1 Results: During the quarter, Bandhan's NIM remained stable at 7.6% QoQ. The assets under management (AUM) and deposit growth showed a YoY increase of 22-23%. Asset quality improved as the net non-performing loan (NPL) ratio stayed unchanged at 1.2% QoQ, despite the gross NPL ratio rising by 40 basis points (bps) to 4.2% QoQ. Additionally, slippages decreased to 2.9%.
Paytm soars 10%, hits upper circuit after govt approves FDI proposal for payment aggregator biz
Paytm FDI Proposal Approved: Shares of fintech major Paytm surged up to 10% intraday on Friday following government approval of its foreign direct investment (FDI) proposal for the payment aggregator business. The financial services secretary announced that Paytm can now approach the Reserve Bank to seek the payment aggregator license, which will undergo further evaluation.
Azad Engineering shares hit 5% upper circuit on order win from Siemens Energy Global
Azad Engineering shares rose by 5% following a major contract win with Siemens Energy Global GmbH & Co. KG, Germany. The company specializes in manufacturing critical components for various industries and has shown significant growth in its stock price.
Smallcap rail stock hit 5% upper circuit on winning orders from Indian Railways
Oriental Rail Infra Stock: Under the terms of the contract, 95% of the contract value will be disbursed upon receipt of an inspection certificate from the nominated agency and proof of dispatch or delivery of the materials. The remaining 5% will be paid after the goods are received, inspected, and officially accepted.
PC Jewellers shares hit 10% upper circuit on PNB approval for one-time settlement of dues
PC Jewellers' shares surged 10% to Rs 56.2 in Monday's BSE trade following approval from PNB for a one-time settlement of its dues. The OTS terms include cash and equity components, release of securities, and mortgaged properties. However, specific details regarding outstanding dues with other banks and OTS specifics were not disclosed.
Suzlon Energy shares hit 5% upper circuit amid block deal
Suzlon Energy's shares surged 5% to Rs 51.3 on BSE due to a reported block deal, where 0.3% of its equity changed hands. Details on the transaction's participants remain undisclosed. By 10:38 am, the stock traded 4% higher at Rs 50.9. Over the past year, Suzlon has delivered impressive returns, rallying 256%, and over two years, it surged 680%.
Ixigo opens at 48% premium over issue price, hits upper circuit: Key things to know
Ixigo stock hit upper circuit on the day of its debut at 11.41 am. The IPO of Le Travenues Technologies, which operates the travel platform Ixigo, closed on June 12 and was oversubscribed 98 times on its last day. The share debuted at Rs 138.1 against an issue price of Rs 93 on NSE, up Rs 45.1 or 48.5% and Rs 135 on BSE, a premium of 45.16%.
Paytm shares locked-in 10% upper circuit amid heavy volumes
Shares of One97 Communication, the company behind the digital payments platform Paytm, experienced a significant surge of up to 10% intraday on Friday following an upward revision of the circuit filter at the stock exchanges.
Paytm, Inox Wind among 736 BSE-listed stocks that hit lower circuit
The market capitalisation of the BSE listed companies fell by Rs 30 lakh crore with 694 stocks hitting lower circuits and 292 crashing to 52-week lows on the BSE.
Suzlon Energy shares hit 5% upper circuit amid block deal
Suzlon Energy's shares surged by 5% to hit the upper circuit at Rs 46.2 on the BSE on Wednesday following reports of a block deal on the counter. Around 33.9 lakh shares of Suzlon Energy were traded in the block deal, with the identities of buyers and sellers undisclosed.
Paytm shares hit 5% upper circuit on dip buying
Paytm Share Price: The stock, which stooped to a new all-time low of Rs 310 on Wednesday, witnessed a reversal on Thursday amid strong volumes with over 88 lakh shares getting traded on the NSE around 12:20 pm.
Upper circuit stocks, hot IPOs: How a Hyderabad stock trader lost Rs 3 crore to an investment scam
A 48-year-old stock trader from Gachibowli, Hyderabad, lost Rs 3.37 crore in an investment scam. It began with a deceptive WhatsApp invitation to join 'International Stock Trading Account', promising upper circuit stock trades. He initially invested 60 lakh, believing in the scheme's legitimacy. Subsequent transactions, guided by fake executives, led to mounting losses.
Netweb Technologies shares hit 5% upper circuit after Q4 net profit soars 182% YoY
For the fourth quarter of FY24, the company's net profit surged 181.8% to Rs 29.66 crore as against Rs 10.52 crore in the corresponding period of last year.
Gensol Engineering shares hits upper circuit; jump 5%
Shares of Gensol Engineering jumped 5 per cent in the morning session on Wednesday to hit the maximum permissible limit for the day, after the company said it has recorded the highest-ever revenue of Rs 960 crore in FY24.
IREDA shares hit 5% upper circuit after Q4 business update
"IREDA has recorded the highest ever loan sanctioned at Rs 37,354 crore, loan disbursement at Rs 25,089 crore during FY 2023-24. Loan Book stands at Rs 59,650 crore, a record growth of 26.71%," the company said in an exchange filing.
Wockhardt shares hit 5% upper circuit after Prashant Jain, Madhusudan Kela and others invest in QIP
3P India Equity Fund, managed by Prashant Jain, and Madhusudan Kela's Cohesion MK Best Ideas sub-trust are among those funds that have received 5% or more shares in the Qualified Institutional Placement (QIP) of shares.
IREDA shares hit 5% upper circuit on fundraising plan
Shares of the state-owned Indian Renewable Energy Development Agency (IREDA) climbed 5% to hit an upper circuit at Rs 138.6 on BSE after the firm declared plans to raise Rs 24,200 crore in FY 2024-25 through borrowing.
Reliance Power shares hit 5% upper circuit as Anil Ambani-led firm settles bank dues
The stock hit its 5% upper circuit while witnessing a 1.47 times spurt in the volumes on India's oldest exchange.
Jet Airways hits 5% upper circuit after NCLAT approves ownership transfer to Jalan Kalrock
The appellate tribunal had asked lenders to complete the formalities within 90 days and give control to the Kalrock Consortium. A plea filed by State Bank of India-led consortium in this regard has been disposed of.
Tourism Finance Corporation hit 5% upper circuit amid block deal
TFCI Share Price: As per reports, on Tuesday, 13% of Tourism Finance's equity changed hands in a block deal. The buyers and sellers in the deal are not known.
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