Market News
4 min read | Updated on December 06, 2024, 12:48 IST
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.
Stock list
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.
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.
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 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%.
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 | ||||
---|---|---|---|---|---|
Particulars | Q2FY25 | Q1FY25 | Q2FY24 | YoY | QoQ |
Total Income | 41.48 | 28.91 | 1.67 | 2383.83% | 43.48% |
PAT | 6.81 | 3.57 | -4.53 | - | 90.76% |
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