Five stocks hit the circuits today: IGL, Shakti Pumps, EPACK Durable, Sagility India and MIC Electronics hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 0.06% and 0.15%, respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index are trading in the red, decreasing by 0.55% and 0.57%, respectively.

On the NSE, 52 stocks hit the upper price band (Upper Circuit), and 26 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 Thursday (December 26, 2024)

International Gemmological Institute (India) Ltd

International Gemmological Institute is the world's largest independent certification and accreditation services provider in the fields of diamonds, gemstones and jewellery. IGL has a market capitalisation of ₹24,900 crore.

Shakti Pumps (India) Ltd

Recently, the company reported receiving a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 25,000 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under the Magel Tyala Saur Krushi Pump Scheme. The total value of the 25,000 pumps is around ₹754.30 crore (inclusive of GST), which is to be executed within 60 days from the issuance of the NTP/work order or JSR approval from the circle office.

As of September 30, 2024, the company's order book stood at ₹1,800 crore. Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions for irrigation, horticulture, domestic water supply, and commercial and industrial applications. The company has a market capitalisation of ₹12,800 crore.

EPACK Durable Ltd

Recently, the company reported Hisense has contracted EPACK Durable to set up an advanced dedicated manufacturing facility in India to produce Hisense's range of Air conditioners and Home Appliances. EPACK Durable will immediately invest, firstly, in a new manufacturing facility in Sri City (Andhra Pradesh) with a capacity of 1 million RACs by FY27-28, with initial production set to begin in June 2025. This strategic cooperation agreement with Hisense is likely to garner additional revenue of approximately $1 billion over the next 5 years for EPACK Durable and its subsidiary.

Incorporated in 2019, EPACK Durable is an Original Design Manufacturer (ODM) of room air conditioners (RAC). It stands second in production volumes for Room Air-conditioners. The company has a market capitalisation of ₹4,700 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 ₹24,000 crore.

MIC Electronics Ltd

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. The company has a market capitalisation of ₹2,200 crore.