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  5. AWFIS Space Solutions, KPI Green Energy, Apollo Micro Systems and Marine Electricals (India) hit the upper circuit

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AWFIS Space Solutions, KPI Green Energy, Apollo Micro Systems and Marine Electricals (India) hit the upper circuit

Upstox
By Upstox News Desk

4 min read | Updated on July 18, 2024, 18:03 IST

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SUMMARY

On Thursday, the NIFTY50 index recovered from lower levels to hit a fresh all-time high of 24,678.90. AWFIS Space Solutions hit the 20% upper circuit while KPI Green Energy, Apollo Micro Systems and Marine Electricals (India) hit a 5% upper circuit. Sky Gold and Servotech Power Systems hit a 5% lower circuit.

Stock list

AWFIS
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KPIGREEN
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APOLLO
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MARINE
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SKYGOLD
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SERVOTECH
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AWFIS Space Solutions, KPI Green Energy, Apollo Micro Systems and Marine Electricals (India) hit the upper circuit while Sky Gold and Servotech Power Systems hit the lower circuit

AWFIS Space Solutions, KPI Green Energy, Apollo Micro Systems and Marine Electricals (India) hit the upper circuit while Sky Gold and Servotech Power Systems hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, closed in the green on Thursday, advancing 0.70% and 0.77%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index closed in red with lossess of 0.96% and 1.2% respectively.

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 18, 2024)

AWFIS Space Solutions Ltd

AWFIS Space Solutions stock hit the upper circuit band of 20% of ₹757.20 in the early morning session of Thursday. The stock debuted on the exchange on May 30, 2024.

AWFIS Space Solutions is a workspace solution provider in India. Company provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customize office spaces for startups, small and medium enterprises as well as for large corporations and multinational corporations. Company has a market capitalisation of ₹5,000 crore.

KPI Green Energy Ltd

KPI green stock hit the upper circuit band of 5% of ₹1,070.35 in the early morning session of Thursday. Today, the company is having a record date for the stock split. The company earlier had a face value of ₹10 which will have been split into 2 equity shares having a face value of ₹5.

KPI Green Energy is a Gujarat-based company specialising in renewable energy solutions. They develop, build, own, and operate solar power plants, both as Independent Power Producers (IPP) and Captive Power Producers (CPP). It has a market capitalisation of ₹12,900 crore. Over the past year, shares have soared by 286%.

Apollo Micro Systems Ltd

Shares of Apollo Micro Systems locked in a third consecutive day 5% upper circuit at ₹121. On Friday after the market clouser company reported that it had been awarded the Make II project by the Indian Army. This project is for the procurement of a Vehicle Mounted Counter Swarm Drone System (VMCSDS) (Version I) under the Make II category of DAP-2020. This project is the first Make II project for the company.

Yesterday, the company reported to the exchanges that the board of directors of Apollo Micro Systems will meet on July 23, 2024 to discuss issuing equity shares and/or convertible securities on a preferential basis, including setting the issue price.

Apollo Micro Systems is a pioneer in the design, development, assembly and testing of electronic and electro-mechanical solutions. It has a market capitalisation of ₹3,700 crore. Over the past year shares of the company have surged by 97%.

Marine Electricals (India) Ltd

Marine Electricals (India) shares were locked in a 5% upper circuit in the early morning session of Thursday at ₹277.47. Marine Electricals (India) is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.

Recently, the company reported receiving an order amounting to approximately ₹50 crore from DC Development Hyderabad Ltd, for the supply of FIM LV Panels and Skid for HYD20 expansion (DC 2 & 3) 28.8 MW. The delivery is expected to take place over 20 months. In the 2024 investor presentation, the company reported that it has an order book of ₹497 crore. The company has a market capitalisation of ₹3,700 crore. In the last one year, it has given returns of 345%.

Stocks hitting the lower circuit on Thursday (July 18, 2024)

Sky Gold Ltd

Sky Gold stock hit a 5% lower circuit in the early morning session of Thursday at ₹1,896.55. The company held their first Extraordinary General Meeting (EGM) on July 12, 2024. Since then it is locked in the lower circuit. In the meeting, many decisions were taken but the main was to approve the Employee Stock Option Plan 2024.

In the last one year, the shares of the company have given staggering returns of over 700%. After this skyrocketing surge, profit booking among the investors can also be the reason for the lower circuit. Sky Gold is engaged in the business of designing, manufacturing, and marketing gold jewellery. It has a market capitalisation of ₹2,500 crore.

Servotech Power Systems Ltd

On Thursday, the stock of Servotech Power Systems hit the 5% lower circuit at ₹119.55. Servotech Power Systems develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space.

Recently, the company announced it has established a new subsidiary Servotech Sports and Entertainment Pvt. Ltd to foray into the sports line. It has taken a bold step towards diversification and expansion where the company will be dedicated to the sports sector, events and promotion. Currently, Servotech Power Systems has a market capitalisation of ₹2,650 crore.

About The Author

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