GE T&D India, MIC Electronics and Aurionpro Solutions hit the upper circuit while Shakti Pumps (India) hits the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, were seen trading in the green on Thursday. SENSEX hit a new high of 80,392.64. Currently, both the frontline indices are up by 0.14% and 0.22% respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index soared by 0.19% and 0.09%, respectively.

In the morning session on Thursday, on NSE, 125 stocks hit the upper price band (Upper circuit) and 27 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 Thursday (July 04, 2024)

GE T&D India Ltd

Additionally, the company’s board approved the convening of the 68th Annual General Meeting on Wednesday, September 4, 2024. As of March 31, 2024 company’s order book stands at ₹6,272.9 crore. A healthy order pipeline in the power market, a strong order book, and management’s focus on margin improvement augur well for strong revenue and profit growth for GE T&D India.

GE T&D is the entity of GE’s Grid Solutions 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 ₹43,300 crore. Over the past one year shares of the company have surged by 666%.

MIC Electronics Ltd

Recently, the company reported that it has received a new order from the Ministry of Railways, Government of India. It has a market capitalisation of ₹2,400 crore. Over the past year shares of the company have surged by 325%.

Aurionpro SolutionsLtd

Aurionpro Solutions primarily offers software products and consulting services to the banking industry in India and abroad. The company works in providing business solutions in the fields of Transaction Banking Platform, Customer Experience (ACE Platform), Smart City and Smart Transportation experience and Cybersecurity solutions. The company has a market capitalisation of ₹8,500 crore. In the last one year, the stock has surged 236%.

Stocks hitting the lower circuit on Thursday (July 04, 2024)

Shakti Pumps (India) Ltd

Over the last 6 months shares have increased by 304% and in the past year it has zoomed by 597%. Today, the lower circuit can be attributed to profit booking among the investors after it has reached new highs over the past one year. Shakti Pumps (India) is primarily engaged in manufacturing pumps and motors of various kinds. It has a market capitalisation of ₹8,150 crore.