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  1. Four stocks hit the circuits today: Gopal Snacks, Sagility India, 63 Moons Technologies and Kernex Microsystems (India) hit the upper circuit

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Four stocks hit the circuits today: Gopal Snacks, Sagility India, 63 Moons Technologies and Kernex Microsystems (India) hit the upper circuit

Upstox

4 min read | Updated on December 06, 2024, 12:48 IST

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SUMMARY

In Friday's early session, the NIFTY50 index traded in green above the 24,700 mark. Gopal Snacks hit the 10% upper circuit while Sagility India, 63 Moons Technologies and Kernex Microsystems (India) hit the 5% upper circuit today.

Upper Circuit_1

Four stocks hit the circuits today: Gopal Snacks, Sagility India, 63 Moons Technologies and Kernex Microsystems (India) hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the green, advancing by 0.02% and 0.04%, respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the green, gaining 0.35% and 0.38%, respectively.

On the NSE, 95 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 circuits in today’s trading session.

Stocks hitting the upper circuit on Friday (December 06, 2024)

Gopal Snacks Ltd

Shares of Gopal Snacks hit the 10% upper circuit limit at ₹484.95 in the early morning session of Friday. Founded in 1999, Gopal Snacks is an FMCG company dealing in ethnic snacks, western snacks, and other products.

Recently, the company declared financial results for Q2FY25. The company's net profit rose 7% to ₹28.89 crore in the quarter ended September 2024 as against ₹27 crore during the previous quarter ended September 2023. The company's topline rose 12% to ₹398.86 crore in the quarter ended September 2024 as against ₹355.79 crore during the previous quarter ended last year. The company has a market capitalisation of ₹5,800 crore.

Sagility India Ltd

Sagility India stock got locked in the 5% upper circuit limit at ₹39.59 in the early morning session today. Recently, the company declared strong financial results for Q2FY25. Revenue from operations for the quarter under review jumped 21% YoY to ₹1,325 crore compared to ₹1,094.10 crore in Q2FY24. PAT came at ₹117.34 crore, up 236% YoY, in the same quarter last year, the company's profit was ₹34.96 crore and in the last quarter, the profit was ₹22.29 crore.

The company was listed recently on November 12, 2024, at a 3.5% premium over the IPO price. In the past two weeks shares of the company have risen by 40%. 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 ₹18,500 crore.

63 Moons Technologies Ltd

Today, shares of 63 Moons Technologies were locked in the 5% upper circuit at ₹804.90 in the early morning session. A few ago, the company reported that its subsidiary Ticker Limited has further raised funds through the private placement of 7,30,00,000 fresh equity shares at ₹20 per share which makes a total fundraising of ₹146 crore. After the allotment by Ticker Limited, the shareholding of 63 moons in Ticker Limited stands at 67.49%.

63 Moons Technologies is engaged in Computer Programming, Consultancy and related services. The company provides next-generation technology ventures, innovations, platforms, and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. Its focus has always been towards providing technology solutions, building user-friendly financial platforms, and creating digital marketplaces in India and abroad. The company has a market capitalisation of ₹3,700 crore. Over the past six months shares of the company have surged by over 133%.

Kernex Microsystems (India) Ltd

Kernex Microsystems (India) shares were locked in a 5% upper circuit limit in the morning session of Friday at ₹1,137.90. Incorporated in 1991, Kernex Microsystems manufactures and sells Safety Systems and Software services for Railways.

Recently, the company declared strong financial results for Q2FY25. On a consolidated basis, Total Income for Q2FY25 stood at ₹41.48 crore, registering a growth of 2,384% on a YoY basis and 43.48% on a QoQ basis. PAT for Q2FY25 stood at ₹6.81 crore, compared to a net loss of ₹4.53 crore in the same quarter last year. The company has a market capitalisation of ₹1,900 crore. Over the past six months shares of the company have skyrocketed by 199%.

(₹ in crores)Growth
ParticularsQ2FY25Q1FY25Q2FY24YoYQoQ
Total Income41.4828.911.672383.83%43.48%
PAT6.813.57-4.53-90.76%

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