Five stocks hit the circuits today: Zaggle Prepaid Ocean Services, Akums Drugs & Pharmaceuticals, Sky Gold and Kernex Microsystems (India) hit the upper circuit, while Kitex Garments hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the green, advancing by 0.83% and 0.86% respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the green, increasing by 0.33% and 0.38%, respectively.

On the NSE, 43 stocks hit the upper price band (Upper Circuit) and 38 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 (November 22, 2024)

Zaggle Prepaid Ocean Services Ltd

Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows. It has a market capitalisation of ₹5,900 crore.

Akums Drugs & Pharmaceuticals Ltd

Established in 2004, Akums Drugs and Pharmaceuticals is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical products and services. It has a market capitalisation of ₹10,000 crore.

Sky Gold Ltd

For Q2FY25 company highlights are, it has raised ₹270 crore through a Qualified Institutional Placement (QIP) from renowned funds like Motilal Oswal Small Cap Fund, Kotak Mahindra Life Insurance and Bank Of India Flexi Cap among others. Scaling of acquired companies i.e., Sparkling Chains and Starmangalsutra to achieve target sales of ₹500 crore by Q4FY25. Manufacturing margin-accretive 18-carat gold and diamond jewellery, the company has added CaratLane and P N Gadgil Jewellers to the client portfolio. For Q2FY25 revenue split for export was 9% and Domestic stands at 91%.

Earlier this month the company announced its board has approved the issue of bonus shares in the 9:1 ratio. This means that it will issue nine new bonus equity shares of ₹10 each for every one existing equity share of ₹10 each and the record date is yet to be announced.

In the last one year, shares have risen by 350% and over the past two years it has shown an increase of 2,360% in its price. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹5,800 crore.

Kernex Microsystems (India) Ltd

Recently the company declared strong financial results for Q2FY25. On a consolidated basis Total Income for Q2FY25 stood at ₹41.48 crore registering growth of 2384% on a YoY basis and 43.48% on a QoQ basis. PAT for Q2FY25 stood at ₹6.81 crore as compared to a net loss of ₹4.53 crore in the same quarter for the previous year. The company has a market capitalisation of ₹1,600 crore.

Stocks hitting the lower circuit on Friday (November 22, 2024)

Kitex Garments Ltd

Today the company is going to hold the meeting of the Board of Directors to consider the proposal for declaration and recommendation of Bonus Equity Shares subject to approval of shareholders. Recently the company declared strong financial results for Q2FY25. It reported a 47.79% increase in total income from ₹148.17 crore in Q2FY24 to ₹218.98 crore. PAT has increased by 370.29% from ₹7.81 crore in Q2FY24 to ₹36.73 crore.

Kitex Garments was incorporated in 1992. The company exports cotton and organic cotton garments, especially infant wear to U.S. and European markets. The company has a market capitalisation of ₹4,200 crore.

Sabu Jacob, chairman and managing director of Kitex Garments, in their press release, stated that the turnover which has reached ₹500 crore, is set to touch ₹1,000 crore in the current fiscal from ₹641 crore in the previous year with this growth momentum. The unrest in Bangladesh has contributed to the financial growth of not only Kitex Garments but the entire garment industry in India. The Telangana Phase I and II will be operational by 2025 and 2026. With this, the total capacity of Kitex will be increased by $0.5 billion.