Sagility India, Marine Electricals, Websol Energy System and 63 Moons Technologies hit the upper circuit

Benchmark indices NIFTY50 and SENSEX traded in the red, declining by 0.17% and 0.22%, respectively. Within the broader market Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the green, gaining 0.58% and 0.38%, respectively.

On the NSE, 125 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 circuits in today’s trading session.

Stocks hitting the upper circuit on Monday (December 08, 2024)

Marine Electricals Ltd

Recently, the company declared financial results for Q2FY25. The company's net profit rose 166.9% to ₹12.68 crore in the quarter ended September 2024 as against ₹4.75 crore during the previous quarter ended September 2023. The company's topline rose 34.1% to ₹184.10 crore in the quarter ended September 2024 as against ₹137.32 crore during the previous quarter ended last year. The company has a market capitalisation of ₹4,100 crore.

Websol Energy System Ltd

Earlier, the company declared strong financial results for Q2FY25. On a consolidated basis, revenue for Q2FY25 stood at ₹143.55 crore, registering a significant growth compared to ₹0.30 lakh. PAT for Q2FY25 stood at ₹41.98 crore, compared to a net loss of ₹3.95 crore in the same quarter last year. The company has a market capitalisation of ₹6,000 crore. Over the past six months shares of the company have skyrocketed by 130%.

Sagility India Ltd

Sagility was recently listed on November 12, 2024, debuting at a 3.5% premium over its IPO price. Currently, the shares have surged over 38% from its IPO price. The company specialises in technology-enabled, healthcare-focused solutions and services, assisting U.S.-based payers, providers, and partners in optimising operations, enhancing member and provider experiences, and improving care quality while maintaining cost-effective clinical and financial outcomes. Serving five of the top ten U.S. health insurance companies, Sagility leverages advanced technology and streamlined processes to reduce administrative costs. The company has a market capitalisation of ₹19,300 crore.

63 Moons Technologies Ltd

Specialising in computer programming, consultancy, and related services, 63 Moons focuses on developing innovative technology solutions, user-friendly financial platforms, and digital marketplaces in India and globally. With a market capitalisation of ₹3,800 crore, the company’s shares have surged over 140% in the past six months.