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  5. GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit, while Exicom Tele-Systems hit the lower circuit today

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GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit, while Exicom Tele-Systems hit the lower circuit today

Upstox
By Upstox News Desk

4 min read | Updated on September 03, 2024, 12:49 IST

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SUMMARY

On Tuesday, the NIFTY50 index traded in negative terrain near the 25,250 level. GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the 5% upper circuit while Exicom Tele-Systems hit the 5% lower circuit.

Stock list

GMRP&UI
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FILATFASH
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63MOONS
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EXICOM
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GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit, while Exicom Tele-Systems hit the lower circuit today

GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit, while Exicom Tele-Systems hit the lower circuit today

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red, declining by 0.10% and 0.14%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are green, increasing by 0.36% and 0.49%, respectively.

On the NSE, 66 stocks hit the upper price band (Upper Circuit), and 35 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 Tuesday (September 03, 2024)

GMR Power & Urban Infra Ltd

GMR Power & Urban Infra shares hit the 5% upper circuit at ₹141.15 in the early morning session of Tuesday. The company reported strong financial earnings. On a consolidated basis, for Q1FY25, the company reported 45.77% growth in total income from ₹1,190.42 crore in Q1FY24 to ₹1,735.22 crore. PAT has increased from a net loss of ₹217.75 crore in Q1FY24 to ₹1,362.1 crore.

The 5th Annual General Meeting will be held on Monday, September 16, 2024. It is looking to raise funds of up to ₹3,000 crore in one or more tranche(s) through the issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities.

GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, has expertise in the sectors of energy, urban infrastructure, and transportation. It has a market capitalisation of ₹10,000 crore. In the last year, the company's shares have given staggering returns of over 393%.

(₹ in crores)Growth
ParticularsQ1FY25Q4FY24Q1FY24YoYQoQ
Total Income1735.221769.191190.4245.77%-1.92%
PAT1362.1170.39-217.75-699.40%

Filatex Fashions Ltd

Shares of Filatex Fashions hit the 5% upper circuit on the third consecutive day at ₹1.33 in the early morning session on Tuesday. This comes after the company subsidiary Filatex Mines and Minerals Private Limited obtained an export order worth $43,875,000 from Société DIMO - BTP SARL (SDBS), a company based out of the Republic of Guinea. SDBS has been a distributor of granite and marble for the past nine years and has a dealer network of over 5,000 in 14 African countries. The time for the order is 5 years.

Incorporated in 1995, Filatex Fashions is engaged in the business of manufacturing socks. The company has a market capitalisation of ₹1,100 crore.

63 Moons Technologies Ltd

Today, shares of 63 Moons Technologies are locked in the 5% upper circuit at ₹359.95 in the early morning session on Tuesday. The company has received a letter from NSEL Investors Forum (NIF) for an amicable OTS (one-time settlement) for the closure of litigation arising out of payment default by defaulters at the NSEL platform 11 years ago.

63 Moons Technologies is engaged in Computer Programming, Consultancy and related services. The company provides next-generation technology ventures, innovations, platforms, and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. Its focus has always been towards providing technology solutions, building user-friendly financial platforms, and creating digital marketplaces in India and abroad. The company has a market capitalisation of ₹1,650.

Stocks hitting the lower circuit on Tuesday (September 03, 2024)

Exicom Tele-Systems Ltd

Exicom Tele-Systems stock hit the second consecutive day lower circuit band of 5% at ₹348.80 in the early morning session of Tuesday. Incorporated in 1994, Exicom Tele-Systems specialises in power systems, electric vehicle (EV) charging, and other related solutions.

On a consolidated basis, for Q1FY25, the company reported a 3.69% decline in total income from ₹269.17 crore in Q1FY24 to ₹259.24 crore. PAT has increased by 89.21% from ₹9.64 crore in Q1FY24 to ₹18.24 crore. Recently the company has approved an investment of up to ₹470 crore in Exicom Power Solutions B.V., a wholly-owned subsidiary in the Netherlands. The investment will be made in one or more tranches through share subscription or any other permissible mode. The company has a market capitalisation of ₹4,200 crore.

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