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  5. Om Infra, Gensol Engineering and Aurionpro Solutions hit the upper circuit, while E2E Networks hit the lower circuit today

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Om Infra, Gensol Engineering and Aurionpro Solutions hit the upper circuit, while E2E Networks hit the lower circuit today

Upstox
By Upstox News Desk

3 min read | Updated on June 13, 2024, 12:32 IST

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SUMMARY

On Thursday, the Nifty50 index hit an all-time high of 23,481.05, currently up by 0.27%. Om Infra hit a 10% upper circuit while Gensol Engineering and Aurionpro Solutions touched the 5% upper circuit. E2E Networks drowned to hit a 5% lower circuit.

Stock list

OMINFRAL
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52 week high stocks.jpg

Om Infra, Gensol Engineering and Aurionpro Solutions hit the upper circuit, while E2E Networks hit the lower circuit today

Today, the Nifty50 index and Sensex both are trading in green and at new highs. This came after the India retail inflation for May eased to a year low of 4.75%. In other developments, the US Fed kept key interest rates unchanged. Currently, the Nifty50 index and Sensex both have advanced over 0.27%. The Nifty Midcap 100 and Nifty Smallcap 100 indices were trading with gains of over 0.68% and 0.44%, respectively.

In the morning session on Thursday, on NSE, 114 stocks hit the upper price band (Upper circuit) and 15 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 Thursday (June 13, 2024)

Om Infra Ltd

Shares of Om Infra hit 10% upper circuit at ₹175.20 in the early morning session on Thursday. Additionally, it hit a new 52-week high. Om Infra is an infrastructure company having diverse business activities and interests related to Hydro-mechanical equipment, turnkey solutions for steel fabrication, Hydropower developments, Real Estate, Entertainment centres, and Hotels.

For FY24 the company reported 39.42% growth in net sales and for the same time frame, it reported 262.2% growth in PAT. Company order book stands at ₹2,235 crores forming ~2x of FY24 revenue. It has a market capitalization of ₹1,600 crore and over the past year shares of the company have increased by 253%.

Gensol Engineering Ltd

Gensol Engineering stock hit a second consecutive 5% upper circuit in the early morning session of Thursday at ₹1,067.65. The stock hit an upper circuit after the company emerged as a successful bidder for GUVNL’s 250 MW (500 MWh) Battery Energy Storage Project (BESS) project from Gujarat Urja Vikas Nigam Limited (GUVNL) worth ₹1,340 crore.

Gensol Engineering is engaged in the business of Solar consulting & EPC. The company has a market capitalization of ₹4,000 crore. Over the past year shares of the company soared by 230%.

Aurionpro Solutions Ltd

On Thursday shares of Aurionpro Solutions hit 5% upper circuit at ₹2,670.95. Recently the company announced that Integro Technologies, a subsidiary of Aurionpro Solutions, partnered with Yoma Bank in Myanmar, to revolutionize their SME lending operations. Since the news stock started to surge and over the past week it has increased its value by 19%.

Aurionpro Solutions primarily offers software products and consulting services to the banking industry in India and abroad. The company works in providing business solutions in the fields of Transaction Banking Platform, Customer Experience (ACE Platform), Smart City and Smart Transportation experience and Cybersecurity solutions. The company has a market capitalization of ₹7,000 crore. In the last one year, shares of the company have surged 180%.

Stocks hitting lower circuit on Thursday (June 13, 2024)

E2E Networks Ltd

E2E Networks stock was seen hitting back-to-back upper circuits from the past month. In the last one month, the share price has increased by 64.97% and in the last six months it has increased by 176.87%. However, the stock took a U-turn after hitting a new 52-week high of ₹2,000 in today’s session. Just after opening at ₹2,000, the stock got locked in a 5% lower circuit at ₹1,830.95. The lower circuit can be attributed to profit booking among the investors after the stock soared to new highs.

E2E Networks is an NSE-listed AI-focused hyperscale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications. It has a market capitalisation of ₹2,650 crore.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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