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Asian Energy Services, Genus Power Infrastructures, PC Jeweller and E2E Networks hit the upper circuit
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6 min read | Updated on August 22, 2024, 13:22 IST
SUMMARY
On Thursday, the NIFTY50 index traded in positive terrain above 24,800 levels. Asian Energy Services hit the 10% upper circuit while Genus Power Infrastructures, PC Jeweller and E2E Networks hit the 5% upper circuit. GMR Power & Urban Infra hit the 5% lower circuit.
Asian Energy Services, Genus Power Infrastructures, PC Jeweller and E2E Networks hit the upper circuit while GMR Power & Urban Infra hit the lower circuit today
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.22% and 0.21%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green, increasing by 0.75% and 0.65%, respectively.
On the NSE, 119 stocks hit the upper price band (Upper Circuit), and 29 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 (August 22, 2024)
Asian Energy Services Ltd
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 ₹1,500 crore. Over the past year, its shares have climbed by 152%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 61.49 | 119.55 | 48.76 | 26.11% | -48.57% |
| PAT | 2.06 | 14.67 | -3.03 | - | -85.96% |
Genus Power Infrastructures Ltd
With these recent orders, the total order book of the company including all SPVs and the GIC Platform, exceeds ₹28,000 crore (net of taxes). These concessions are for 8 to 10 years.
Genus Power is primarily engaged in manufacturing/providing metering and metering solutions and undertaking engineering, construction and contracts on a turnkey basis. The company operates through two segments: Metering business and Strategic investment activity. Genus Power has a market capitalisation of ₹13,980 crore. Over the past year, its shares have climbed by 108%.
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 ₹5,050 crore and has surged 294% in shares in the last year.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 439.78 | 59.54 | 72.61 | 505.67% | 638.63% |
| PAT | 156.06 | -121.64 | -171.62 | - | - |
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 ₹3,600 crore. Over the past year, its shares have climbed by 600%.
Stocks hitting the lower circuit on Thursday (August 22, 2024)
GMR Power & Urban Infra Ltd
GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, has expertise in the sectors of energy, urban infrastructure, and transportation. It has a market capitalisation of ₹8,200 crore. In the last year, the company's shares have given staggering returns of over 344%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 1735.22 | 1769.19 | 1190.42 | 45.77% | -1.92% |
| PAT | 1362.1 | 170.39 | -217.75 | - | 699.40% |
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