Coforge hits lower circuit, K.P. Energy, Gensol Engineering and Blue Cloud Softech Solutions hit the upper circuit

On Friday, the BSE Sensex opened in the green, however, profit booking at higher levels dragged the index lower. It is currently trading at 74,319 levels, down by 0.41%. In the early morning trade, most companies are trading positively, with the BSE Midcap index hovering at an all-time high of 42,774.57. The BSE Smallcap index was also hovering at an all-time high of 47,678.83.

These four stocks with a market capitalisation of over ₹1,000 crore hit the upper and lower circuit in the morning session.

Stocks hitting the upper circuit on Friday (May 3, 2024)

K.P. Energy Ltd

K.P. Energy is locked in a 5% upper circuit today at ₹469.35. It was locked in the upper circuit yesterday too after it had commissioned 12.6MW at the Sidhpur site in Devbhoomi Dwarka. The net cumulative capacity commissioned at Sidhpur site stands at 222.6MW against the awarded capacity of 250.8MW. K.P. Energy is a part of the KP Group which is involved in the development of utility-scale wind power generation infrastructure and has a market capitalisation of ₹3,130 crore. In the last 12 months, shares of the company have soared by 645.59%.

Gensol Engineering Ltd

Gensol Engineering is locked in 5% upper circuit at ₹941.40 ahead of its Q4 results. Earlier in April the company reported its highest ever revenue of ₹960 crore in FY24 with growth of 141% YoY. Additionally, it has reported an order book of ₹1,783 crore at the beginning of FY25. Gensol Engineering is in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services along with electric mobility solutions and has a market capitalisation of ₹3,565 crore. In the last one year, shares of the company have surged by 180.38%.

Blue Cloud Softech Solutions Ltd

On Friday, shares of Blue Cloud Softech Solutions are locked in the 10% upper circuit at ₹102.80. The company has been hitting back-to-back upper circuit and over the past two weeks, the stock jumped by 96.64%. After surging in the first week the company's upper circuit limit has been changed to 10%, previously it was 20%. Blue Cloud Softech Solutions operates as a holding company which engages in software-related activities. The company is going to declare its financial results for Q4FY24 and year-end 2024. Investor anticipation for the results is the main reason behind the rally.