Asian Energy Services, GE T&D India, PC Jeweller, and E2E Networks hit the upper circuit today

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.05% and 0.02%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in red decreasing by 0.09% and 0.05%, respectively.

On the NSE, 91 stocks hit the upper price band (Upper Circuit), and 24 stocks hit the lower price band (Lower Circuit).

Here is the list of stocks (market cap above ₹1,000 crore) locked in upper circuits in today’s trading session. Stocks hitting the upper circuit on Friday (August 23, 2024)

Asian Energy Services Ltd

Recently the company has declared financial results for Q1FY25. In the quarter, the company reported a 26.11% increase in total income from ₹48.76 crore in Q1FY24 to ₹61.49 crore. PAT has increased from a net loss of ₹3.03 crore in Q1FY24 to ₹2.06 crore. The total order book as of Q1FY25 is at ₹1,022 crores where 61% is attributable to infra or CHP, 34% to operations and maintenance and 5% to seismic.

Asian Energy Services is an oilfield service and reservoir imaging company, offering a suite of geophysical services specialising in land and well seismic services and operation and maintenance services for oilfields. It is one of the few companies providing end-to-end services in the upstream oil segment. The company has a market capitalisation of ₹1,650 crore. Over the past year, its shares have climbed by 180%.

GE T&D India Ltd

For the first time in the past 13 quarters company’s PAT has increased by more than ₹100 crore. For the Q1FY25 company has received new orders worth ₹1,029 crore and the total order book of the company stands at ₹6,280.9 crore.

GE T&D India is the entity of GE Vernova’s Electrification business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid. It has a market capitalisation of ₹43,500 crore. Over the past one year shares of the company have surged by 390%.

PC Jeweller Ltd

Recently, the company has settled their outstanding dues through One Time Settlement (OTS) from many banks including IDBI Bank, IDFC First Bank, Indian Bank, Indian Overseas Bank, Bank of Baroda, IndusInd Bank and Canara Bank. PC Jeweller manufactures, sells, and trades gold, diamond-studded, and silver jewellery and operates in different geographical areas. The company has a market capitalisation of ₹5,300 crore and has surged 323% in shares in the last year.

E2E Networks Ltd

E2E Cloud is a MeitY-empanelled AI-focused cloud provider. The company offers advanced cloud GPUs such as HGX H100, A100, and L4OS, along with high-end InfiniBand-powered configurations like 64xH100 and 256xH100. E2E Cloud also features an advanced AI development platform, TIR, enabling developers to train and deploy foundational AI models. Serving nearly 3000 customers, E2E Cloud is recognised as one of the most highly rated cloud providers in India.

E2E Networks has a market capitalisation of ₹3,800 crore. Over the past year, its shares have climbed by 624%.