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  5. Alpex Solar, Aurionpro Solutions, Websol Energy System and 63 Moons Technologies hit the upper circuit

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Alpex Solar, Aurionpro Solutions, Websol Energy System and 63 Moons Technologies hit the upper circuit

Upstox
By Upstox News Desk

4 min read | Updated on December 11, 2024, 13:08 IST

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SUMMARY

In Wednesday’s early session, the NIFTY50 index traded in green above the 24,650 mark. Alpex Solar and Aurionpro Solutions hit the 10% upper circuit, while Websol Energy System and 63 Moons Technologies hit the 5% upper circuit.

Stock list

ALPEXSOLAR
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AURIONPRO
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WEBELSOLAR
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63MOONS
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Upper Circuit (1).webp

Four stocks hit the circuits today: Alpex Solar, Aurionpro Solutions, Websol Energy System and 63 Moons Technologies hit the upper circuit

Benchmark indices NIFTY50 and SENSEX are trading in the green, gaining by 0.24% and 0.19%, respectively. Similarly, within the broader market Nifty Midcap 100 index traded in green surging by 0.26% while Nifty Smallcap 100 soared by 0.44%.

On the NSE, 82 stocks hit the upper price band (Upper Circuit), and 23 stocks hit the lower price band (Lower Circuit).

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

Stocks hitting the upper circuit on Wednesday (December 11, 2024)

Alpex Solar Ltd

Shares of Alpex Solar hit the 10% upper circuit limit at ₹938.85 in the early morning session of Wednesday. Established in August 1993, Alpex Solar Limited specialises in manufacturing solar panels utilising monocrystalline and polycrystalline cell technologies.

Recently, Alpex Solar Ltd announced plans to double its solar module manufacturing capacity to 2.4 GW by FY26 through expansions in Greater Noida and a new facility in Kosi Kotwan, Mathura. The company is also setting up a 1.6 GW solar cell plant in Kosi Kotwan using MonoPERC and TopCON technologies, with a ₹642 crore investment, expected to be operational by 2026. Additionally, it aims to double its workforce, enhance EPC operations to 150 MW, and develop 100 MW of IPP projects, driven by strong investor confidence after its successful IPO.

Recently, the company declared financial results for Q2FY25. The company's net profit rose by 212.5% to ₹25 crore in the quarter ended September 2024 as against ₹8 crore during the previous quarter ended September 2023. The company's topline rose 24.41% to ₹265 crore in the quarter ended September 2024 as against ₹213 crore during the previous quarter ended last year. The company has a market capitalisation of ₹2,200 crore.

Aurionpro Solutions Ltd

Aurionpro Solutions shares were locked in a 10% upper circuit limit in the morning session of Wednesday at ₹1,878.50. Founded in 1997, Aurionpro Solutions Limited specialises in delivering business solutions across Transaction Banking Platforms, Customer Experience (ACE Platform), Smart City and Smart Transportation solutions, and Cybersecurity. The company primarily provides software products and consulting services to the banking industry in India and internationally.

On Wednesday, Aurionpro Solutions secured an order from one of the largest banks in Saudi Arabia to upgrade its corporate banking technology using Aurionpro's iCashpro+ global transaction banking platform.

Earlier, the company declared strong financial results for Q2FY25. On a consolidated basis, revenue for Q2FY25 stood at ₹278.28 crore, registering a 31.8% growth compared to ₹211.16 crore. PAT for Q2FY25 stood at ₹45.51 crore, registering a growth of 33.9% compared to ₹34.00 crore in the same quarter last year. The company has a market capitalisation of ₹9,900 crore.

Websol Energy Systems Ltd

Websol Energy Systems stock hit the 5% upper circuit at ₹1,538.05 during the early morning session today, following the recent announcement of robust Q2FY25 financial results. Websol Energy System Limited specialises in manufacturing photovoltaic crystalline solar cells and modules in India.

Earlier, the company declared strong financial results for Q2FY25. On a consolidated basis, revenue for Q2FY25 stood at ₹143.55 crore, registering a significant growth compared to ₹0.30 crore. PAT for Q2FY25 stood at ₹41.98 crore, compared to a net loss of ₹3.95 crore in the same quarter last year. The company has a market capitalisation of ₹6,500 crore. Over the past six months shares of the company have skyrocketed by 130%.

63 Moons Technologies Ltd

63 Moons Technologies shares hit the 5% upper circuit at ₹917.60 during the early morning session today, following the recent announcement of robust Q2FY25 financial results. 63 Moons Technologies specializes in computer programming, consultancy, and related services, 63 Moons focuses on developing innovative technology solutions, user-friendly financial platforms, and digital marketplaces in India and globally. With a market capitalisation of ₹3,800 crore, the company’s shares have surged over 140% in the past six months.

Recently, the company announced that its subsidiary, Ticker Limited, raised ₹146 crore through a private placement of 7.3 crore fresh equity shares at ₹20 each. Following this allotment, 63 Moons' stake in Ticker Limited stands at 67.49%.

About The Author

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