Five stocks hit the circuits today: KPI Green Energy, Sagility India and SPML Infra hit upper circuit; PC Jeweller, Sky Gold hit lower circuit

The domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 0.98% and 0.99%, respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the negative territory, decreasing by 1.58% and 1.25%, respectively.

On the NSE, 71 stocks hit the upper price band (Upper Circuit), and 41 stocks hit the lower price band (Lower Circuit). Here is the list of stocks (market cap above ₹1,000 crore) locked in the upper and lower circuits in today’s trading session.

Stocks hitting the upper circuit on Friday (December 20, 2024)

KPI Green Energy Ltd

Yesterday, after the market closed, the company reported that it had signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to develop Hybrid, Solar, and wind Power Projects in Jaisalmer (Ramgarh).

Additionally, the company has fixed Friday, January 03, 2025, as the Record Date for determining the eligibility of shareholders entitled to the issuance of Bonus Equity Shares of the company in the proportion of One Equity Share of ₹5 each for every two existing Equity Share of ₹5 each, subject to the approval of shareholders.

As of September 2024, the company's cumulative order book stands at 2,409+ MW, out of which 1,261+ MW is under the Independent Power Producer (IPP) segment and 1,148+ MW is under the Captive Power Producer (CPP) segment. It has a market capitalisation of ₹10,500 crore.

Sagility India Ltd

The company was listed recently on November 12, 2024, at a 3.5% premium over the IPO price. Sagility is a technology-enabled, healthcare-focused solutions and services provider that supports U.S.-based payers, providers, and their partners in delivering best-in-class operations, enhancing member and provider experiences, and improving the quality of care, all while ensuring cost-effective financial and clinical outcomes. The company serves five of the top ten health insurance companies in the U.S., utilising its advanced technology, processes, and solutions to ensure efficient operations and minimise additional administrative costs. It has a market capitalisation of ₹21,500 crore.

SPML Infra Ltd

Stocks hitting the lower circuit on Friday (December 20, 2024)

PC Jeweller Ltd

The popular jewellery brand hit the 5% lower circuit limit in the morning session of Friday at ₹16.80. On December 16, the company had a record date for the stock split in the ratio of 10:1, which was approved by its board of directors on September 30, 2024, to enhance liquidity and make the shares more affordable for retail investors. According to the company's official filing, this move will subdivide each fully paid-up equity share of ₹10 face value into 10 shares of ₹1 each.

The company declared strong financial results for Q2FY25. On a consolidated basis, total income increased by 10.99% from ₹494.24 crore in Q2FY24 to ₹548.54 crore. PAT increased from a net loss of ₹138.13 crore in Q2FY24 to a net profit of ₹178.88 crore.

Sky Gold Ltd

The company declared strong financial results for Q2FY25. On a consolidated basis, revenue from operations for Q2FY25 stood at ₹768.8 crore, growing 94.2% year over year and 6.3% quarter over quarter. PAT for Q2FY25 stood at ₹36.7 crore, increasing by 405.2% compared to the same quarter last year.

Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹6,100 crore.