Akums Drugs, Sky Gold and Jubilant Industries hit the upper circuit while Suzlon Energy, KPI Green Energy hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red, decreasing by 0.06% and 0.01%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in red, declining by 0.87% and 0.88%, respectively.

On the NSE, 65 stocks hit the upper price band (Upper Circuit), and 79 stocks hit the lower price band (Lower Circuit).

Here is the list of stocks (market cap above ₹1,000 crore) locked in upper and lower circuits in today’s trading session.

Stocks hitting the upper circuit on Wednesday (August 14, 2024)

Akums Drugs & Pharmaceuticals Ltd

Established in 2004, Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services.

Sky Gold Ltd

Additionally, the board proposed raising funds in one or more tranches for an aggregate amount not exceeding ₹270 crore. In the last year, the company's shares have given staggering returns of over 815%. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹3,300 crore.

Jubilant Industries Ltd

Jubilant Industries is part of Jubilant Bhartia Group's agri and performance polymers business. The company's diversified portfolio of agri products and performance polymers delivers a broad range of technology-based products and solutions to customers in India and globally. It has a market capitalisation of ₹2,500 crore. In the last year, the company's shares have given returns of over 175%.

Stocks hitting the lower circuit on Wednesday

Suzlon Energy Ltd

The company's wind order book stands at 3.8 GW. Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer that also undertakes installation and O&M of all WTG sales. The company has a market capitalisation of ₹1,04,700 crore. In the last year, its shares have surged 285%. The fall in the price could be attributed to profit booking after a strong surge in the stock price as stock inched closer to 14 years in the last trading session.

KPI Green Energy Ltd

Recently, the company declared strong financial earnings. On a consolidated basis, for Q1FY25, the company reported 83.58% growth in total income from ₹190.57 crore in Q1FY24 to ₹349.85 crore. PAT has increased by 98.77% from ₹33.26 crore in Q1FY24 to ₹66.11 crore.

Additionally, the company declared an interim dividend of ₹0.20 and the record date is set as August 21, 2024. The company's cumulative order book stands at 2,327+ MW, out of which 1,260+ MW is under the Independent Power Producer (IPP) segment and 1,067+ MW is under the Captive Power Producer (CPP) segment.

KPI Green Energy is a Gujarat-based company specialising in renewable energy solutions. It develops, builds, owns, and operates solar power plants, both as Independent Power Producers (IPP) and Captive Power Producers (CPP). It has a market capitalisation of ₹12,000 crore. Over the past year, shares have soared by 255%.

Marine Electricals (India) Ltd

Additionally, the company recommended a final dividend of ₹0.20 subject to the approval of shareholders at the ensuing 17th Annual General Meeting of the company. Marine Electricals (India) is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The company has a market capitalisation of ₹3,600 crore.