Four stocks hit the circuits today: Wockhardt, Premier Explosives, Shakti Pumps and Kernex Microsystems (India) hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red declining by 0.37% and 0.43%, respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the green advancing by 0.39% and 0.56%, respectively.

On the NSE, 108 stocks hit the upper price band (Upper Circuit), and 37 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 16, 2024)

Wockhardt Ltd

Wockhardt is a research-based Global Pharmaceutical and Biotech company. Wockhardt’s New Drug Discovery programme has focussed on the need for Antibacterial drugs that are effective against the menace of untreatable superbugs. Wockhardt is the only company in the world where USFDA has given QIDP Status (Qualified Infectious Disease Product) for 6 of our Anti-bacterial discovery programmes – 3 of them are Gram Negative and 3 Gram Positive effective against untreatable Superbugs. It has manufacturing and research facilities in India, USA & UK and a manufacturing facility in Ireland. Wockhardt has a significant presence in the USA, Europe and India, with 79% of its global revenues coming from international businesses. The company has a market capitalisation of ₹25,000 crore.

Premier Explosives Ltd

As of September 2024 company order book stands at ₹8,270 million which is approximately 3.0x of FY24 revenue. Premier Explosives is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. Premier Explosives has a market capitalisation of ₹3,000 crore.

Shakti Pumps Ltd

Recently the company reported receiving a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 25,000 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under the Magel Tyala Saur Krushi Pump Scheme. The total value of the 25,000 pumps is around ₹754.30 crore (inclusive of GST) which is to be executed within 60 days from the issuance of the NTP/work order or JSR approval from the circle office.

As of September 30, 2024, the company order book stands at ₹1,800 crore. Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions for various applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications. It has a market capitalisation of ₹11,300 crore.

Kernex Microsystems (India) Ltd

Recently Kernex Micro Systems (India) announced that it has been awarded a significant contract worth ₹2,041.04 crores by Chittaranjan Locomotive Works, Ministry of Railways, Government of India. This order involves the supply, installation, testing, and commissioning of 2,500 sets of onboard KAVACH equipment. The project, a vital step in advancing railway safety and modernization, is slated for completion within 12 months.

Additionally, 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 ₹2,550 crore. Over the past six months shares of the company have skyrocketed by 293%.