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Bharat Rasayan, Sakuma Exports, KPI Green Energy, Marine Electricals (India) and Cupid hit the upper circuit
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5 min read | Updated on August 09, 2024, 14:01 IST
SUMMARY
On Friday, the NIFTY50 index traded in positive terrain near 24,350 levels. Bharat Rasayan and Sakuma Exports hit the 20% upper circuit while KPI Green Energy, Marine Electricals (India) and Cupid hit the 5% upper circuit.
Bharat Rasayan, Sakuma Exports, KPI Green Energy, Marine Electricals (India) and Cupid hit the upper circuit
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 1.01% and 0.99%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index advanced by 1.03% and 1.04%, respectively.
On the NSE, 84 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 circuits in today’s trading session.
Stocks hitting the upper circuit on Friday (August 09, 2024)
Bharat Rasayan Ltd
Additionally, the board has recommended a final dividend of ₹1.50 per equity share. Bharat Rasayan is engaged in manufacturing Technical Grade Pesticides and Intermediates used in the agrochemical industry. The company has a market capitalisation of ₹5,300 crore. In the last year, shares of the company have surged 39%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 288.09 | 320.6 | 241.57 | 19.26% | -10.14% |
| PAT | 43.12 | 67.11 | 7.09 | 508.18% | -35.75% |
Sakuma Exports Ltd
The company is set to hold a board of directors meeting on Wednesday, August 14, 2024, to consider and approve the financial results for the quarter ended June 30, 2024. Sakuma Exports is engaged in Buying, Processing, Marketing, and Exporting bulk agricultural commodities like Sugar, Edible Oils, Oil Seeds, Pulses, Cotton, etc. It has a market capitalisation of ₹1,200 crore. Over the past year, shares have soared by 140%.
KPI Green Energy Ltd
Additionally, the company declared an interim dividend of ₹0.20 and the record date is set as August 21, 2024. The company's cumulative order book stands at 2,327+ MW, out of which 1,260+ MW is under the Independent Power Producer (IPP) segment and 1,067+ MW is under the Captive Power Producer (CPP) segment.
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 ₹12,800 crore. Over the past year, shares have soared by 293%.
Marine Electricals (India) Ltd
The company reported that the board of directors will meet on Monday, August 12, 2024, to consider and approve the financial results for the quarter ended June 30, 2024.
Recently, Marine Electricals (India) reported that it will be participating in the upcoming SMM 2024 exhibition, one of the largest maritime exhibitions in the world, scheduled to take place from September 3 to September 6, 2024, at the Hamburg Messe and Congress, Hamburg, Germany. The company has a market capitalisation of ₹3,900 crore. In the last year, it has given returns of over 300%.
Cupid Ltd
Additionally, the company is incorporating a wholly-owned subsidiary in the United Arab Emirates for expansion. The company reported that it plans to expand its e-commerce presence in India's premier online marketplaces, including Amazon, Flipkart, and 1mg.
Cupid operates in the contraceptive and personal wellness industry. It is India's premier manufacturer of male and female condoms, personal lubricants, and IVD kits. The company has recently launched its line of CUPID Deodorants and Pocket Perfumes. It has a market capitalisation of ₹2,800 crore. Over the past year, its shares have climbed 643%.
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