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  5. Aurionpro Solutions, PC Jeweller, GMR Power & Urban Infra and Garden Reach Shipbuilders & Engineers hit the upper circuit

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Aurionpro Solutions, PC Jeweller, GMR Power & Urban Infra and Garden Reach Shipbuilders & Engineers hit the upper circuit

Upstox
By Upstox News Desk

4 min read | Updated on July 11, 2024, 13:53 IST

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SUMMARY

On Thursday, the NIFTY50 index traded in negative terrain below the 24,300 level. Aurionpro Solutions, PC Jeweller, GMR Power & Urban Infra and Garden Reach Shipbuilders & Engineers hit a 5% upper circuit, while GTL Infrastructure trended lower hitting a 5% lower circuit.

Stock list

AURIONPRO
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PCJEWELLER
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GMRP&UI
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GRSE
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GTLINFRA
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Aurionpro Solutions, PC Jeweller, GMR Power & Urban Infra and Garden Reach Shipbuilders & Engineers hit the upper circuit while GTL Infrastructure hit the lower circuit

Aurionpro Solutions, PC Jeweller, GMR Power & Urban Infra and Garden Reach Shipbuilders & Engineers hit the upper circuit while GTL Infrastructure hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red on Thursday, declining over 0.30% and 0.38% respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index were in the positive zone up by 0.06% and 0.18%, respectively.

In the morning session on Thursday, on NSE, 77 stocks hit the upper price band (Upper circuit), and 31 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 (July 11, 2024)

Aurionpro Solutions Ltd

Shares of Aurionpro Solutions hit a 5% upper circuit in the early morning session of Thursday at ₹1,751.80. Yesterday, the company reported that a meeting of the board of directors of the company is scheduled to be held on Wednesday, July 24, 2024, to consider and approve the financial results of the company for the first quarter of FY25.

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 capitalisation of ₹9,700 crore. In the last one year, shares of the company have surged 258%.

PC Jeweller Ltd

The stock of a popular jewellery brand hit an upper circuit of 5% on Thursday's session at the price of ₹69.62. The company is going to hold a board meeting on July 13, 2024, to consider and approve the raising of funds by way of preferential issues.

Recently the company announced in an exchange filing about approval of the ‘One Time Settlement’ proposal by PNB bank of the company in respect of outstanding dues.

PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The company has a market capitalisation of ₹3,100 crore. In the last one year, shares of the company have surged 90%.

GMR Power & Urban Infra Ltd

GMR Power & Urban Infra stock hit a 5% upper circuit at ₹98.17. The company reported that it has done allotment of Equity Shares upon conversion of Foreign Currency Convertible Bonds (FCCBs). $275 Million 7.5% Subordinated FCCBs due 2075, issued by GMR Power and Urban Infra Ltd to Kuwait Investment Authority (KIA) have been transferred by KIA to two eligible lenders i.e., Synergy Industrials, Metals and Power Holdings Limited $154 Million and to GRAM Limited $121 Million.

As a result, the investors converted the bonds into new shares of the company, Synergy holding 8.71% and GRAM holding 6.85%. GMR Power and Urban Infra holds expertise in the sectors of Energy, Urban Infrastructure, and Transportation.

Garden Reach Shipbuilders & Engineers Ltd

Shares of Garden Reach Shipbuilders & Engineers (GRSE) touched the 5% upper circuit at ₹2,594.75 in the Thursday morning session. Garden Reach Shipbuilders & Engineers is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.

Recently, the company got multiple orders and after the post-election, the company has seen a surge in its price. Over the past one month shares of the company have increased by 95% and over the past three months it has increased by 193%. The company has a market capitalisation of ₹29,600 crore.

Stocks hitting the lower circuit on Thursday (July 11, 2024)

GTL Infrastructure Ltd

GTL Infrastructure shares hit a 5% lower circuit at ₹3.75. Earlier, shares of the company have been hitting back-to-back upper circuits for the past many trading days. Post-election, the shares have seen a rise of over 170%. After surging aggressively, today's lower circuit can be attributed to profit booking among the investors following a sharp surge.

GTL Infrastructure provides passive telecom infrastructure sharing and energy management solutions. The company has a market capitalisation of ₹4,300 crore.

About The Author

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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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