Genus Power Infrastructures, Jyoti Structures, Marine Electricals (India) and Eimco Elecon (India) hit the upper circuit today

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.21% and 0.28%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in red, declining by 0.39% and 0.36%, respectively.

On the NSE, 70 stocks hit the upper price band (Upper Circuit), and 50 stocks hit the lower price band (Lower Circuit).

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

Stocks hitting the upper circuit on Thursday (August 29, 2024)

Genus Power Infrastructures Ltd

With these recent orders, the total order book of the company including all SPVs and the GIC Platform, exceeds ₹32,500 crore (net of taxes). These concessions are for 8 to 10 years. This includes orders worth ₹2,925.52 crore & ₹3,608.52 crore won in the third week of August and an additional ₹4,469.04 crore secured now.

Genus Power is primarily engaged in manufacturing/providing metering and metering solutions and undertaking engineering, construction and contracts on a turnkey basis. The company operates through two segments: Metering business and Strategic investment activity. Genus Power has a market capitalisation of ₹14,150 crore. Over the past year, its shares have climbed by 80%.

Jyoti Structures Ltd

The company is engaged in Electricity, transmission, distribution and substation. Jyoti Structures has a market capitalisation of ₹2,500 crore. Over the past year, its shares have climbed by 200%.

Marine Electricals (India) Ltd

Marine Electricals (India) reported that it will participate in the upcoming SMM 2024 exhibition, one of the largest maritime exhibitions in the world. The exhibition is scheduled to take place from September 3 to September 6, 2024, at the Hamburg Messe and Congress, Hamburg, Germany. The company has a market capitalisation of ₹3,500 crore.

Eimco Elecon (India) Ltd

Eimco Elecon (India) manufactures and markets equipment for underground and opencast mines. It was the first company to introduce the intermediate technology of Side Dump Loaders, Load Haul Dumpers, and Rocker Shovel Loaders in India. The company has a market capitalisation of ₹1,700 crore. Over the past year, the shares have climbed by 265%.