Bandhan Bank, Genus Power Infrastructures, Jaiprakash Power Ventures and Suraj Estate Developers hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green on Monday, advancing by 0.43% and 0.47%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index were in the green, increasing by 1.00% and 1.25%, respectively.

In the morning session on Monday, on the NSE, 142 stocks hit the upper price band (Upper circuit), and 48 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 Monday (July 29, 2024)

Bandhan Bank Ltd

Talking about bank financial performance, net revenue as of Q1FY25 was ₹3,533 crore as compared to ₹2,876 crore in Q1FY24, a growth of 23%. Operating Profit was at ₹1,941 crore in Q1FY25 compared to ₹1,562 crore in Q1FY24, up by 24%. The profit after tax for the quarter ended June 30, 2024, stood at ₹1063 crore compared to ₹721 crore, registering a growth of 47% YoY. The bank's Gross Non-Performing Assets (NPA) have improved YoY to 4.2% in Q1FY25 compared to 6.8% in Q1FY24. Net NPA improved to 1.1% in Q1FY25 vs 2.2% in Q1FY24.

Additionally the company board has recommended a dividend of ₹1.5 per equity share which is 15% of the face value of ₹10 subject to approval at the Banks Annual General Meeting (AGM). Banks 10th AGM will be held on Tuesday, August 20, 2024. Bank has also published their Annual Report for FY24. Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India.

Genus Power Infrastructures Ltd

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 capitalization of ₹11,400 crore. Over the past year, its shares have climbed 112%.

Jaiprakash Power Ventures Ltd

Jaiprakash Power Ventures operates in coal mining, sand mining, cement grinding, and production of thermal and hydroelectric electricity. It has a market capitalisation of ₹13,700 crore. In the last 12 months, shares of the company have surged by 234%.

Suraj Estate Developers Ltd

Suraj Estate Developers is a real estate construction company that develops residential and commercial properties in the South Central Mumbai region. It has a market capitalisation of ₹3,100 crore and has increased its shares by 112% in the last six months.