GE T&D India and Aurionpro Solutions hit the upper circuit while Mahanagar Telephone Nigam hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, closed in the red on Friday, both declining by 1%. Nifty Midcap 100 index and Nifty Smallcap 100 index were in the red, declining by 0.96% and 0.79%, respectively.

In the morning session on Friday, on the NSE, 57 stocks hit the upper price band (Upper circuit), and 79 stocks hit the lower price band (Lower Circuit).

Here is the list of stocks (market cap above ₹1,000 crore) locked in upper and lower circuits in today’s trading session.

Stocks hitting the upper circuit on Friday (August 02, 2024)

Aurionpro Solutions Ltd

Recently, the company reported strong financials for Q1FY25. On a consolidated basis, for Q1FY25, the company reported 32% growth in total income from ₹199 crore in Q1FY24 to ₹262 crore. PAT has increased by 41% from ₹32 crore in Q1FY24 to ₹45 crore. As of Q1FY25, the company order book stands at ₹1,000 crore plus.

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the Banking, Mobility, Payments and Government sectors. The company converges multiple technology solutions under our umbrella, acting as one platform for Advanced and Accelerated Platform-led Transformation, guiding businesses to ADAPT to a new paradigm in Digital. The company has a market capitalisation of ₹9,400 crore. In the last year, shares of the company have surged 212%.

GE T&D India Ltd

For the first time in the past 13 quarters company’s PAT has increased by more than ₹100 crore. For the Q1FY25 company has received new orders worth ₹1,029 crore and total order book of the company stands at ₹6,280.9 crore.

GE T&D India is the entity of GE Vernova’s Electrification business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid. It has a market capitalisation of ₹44,300 crore. Over the past one year shares of the company have surged by 612%.

Stocks hitting the lower circuit on Friday (August 02, 2024)

Mahanagar Telephone Nigam Ltd

Over the past one month shares of the company have seen a sharp rise in its value from around ₹45-46 to hit a 52 week high of ₹101.88 on July 29. In the past month it has increased over 120%. The company has a market capitalisation of ₹4,700 crore.