Four stocks hit the circuits today: Kitex Garments, AYM Syntex, Strides Pharma Science and Sagility India hit the upper circuit

Benchmark indices NIFTY50 and SENSEX are trading in the green, gaining by 0.09% and 0.07%, respectively. Within the broader market Nifty Midcap 100 index traded in red declining by 0.1% while Nifty Smallcap 100 surged by 0.16%.

On the NSE, 98 stocks hit the upper price band (Upper Circuit), and 33 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 Tuesday (December 10, 2024)

Kitex Garments Ltd

Recently, the company declared financial results for Q2FY25. The company's net profit rose 370.2% to ₹36.73 crore in the quarter ended September 2024 as against ₹7.81 crore during the previous quarter ended September 2023. The company's topline rose 48.1% to ₹215.88 crore in the quarter ended September 2024 as against ₹145.78 crore during the previous quarter ended last year. The company has a market capitalisation of ₹5,300 crore.

Furthermore, Kitex Garments recently announced a 2:1 bonus issue, meaning shareholders will receive two bonus shares for every one share they hold as of the record date. The record date, pending shareholder approval, is yet to be finalised. This marks the company's first bonus share issuance in seven years.

AYM Syntex Ltd

Earlier, the company declared strong financial results for Q2FY25. On a consolidated basis, revenue for Q2FY25 stood at ₹403.52 crore, registering a 21% growth compared to ₹333.35 crore. PAT for Q2FY25 stood at ₹3.94 crore, compared to a net loss of ₹4.94 crore in the same quarter last year. The company has a market capitalisation of ₹1,700 crore. Over the past six months shares of the company have skyrocketed by over 200%.

Strides Pharma Science Ltd

The company reported a 20.2% YoY growth in revenue from operations, reaching ₹1,201.11 crore compared to ₹999.43 crore in Q2FY24. Profit after tax (PAT) turned positive to ₹106.47 crore, from a net loss of ₹107.20 crore in the same quarter last year.

Sagility India Ltd

Sagility India debuted on November 12, 2024, at a 3.5% premium to its IPO price, with shares now up over 44% since listing. The company specialises in technology-driven, healthcare-focused solutions, supporting U.S.-based payers, providers, and partners in optimising operations, enhancing member and provider experiences, and improving care quality while ensuring cost-effective clinical and financial outcomes. Serving five of the top ten U.S. health insurers, Sagility utilises advanced technology and efficient processes to minimise administrative costs. The company’s market capitalisation stands at ₹20,300 crore.