GMR Power & Urban Infra hit the upper circuit, while Mamata Machinery, AXISCADES Technologies, Kernex Microsystems (India) and Kitex Garments hit the lower circuit

Domestic equity bourses NIFTY50 and SENSEX are trading in the red, declining by 0.51% and 0.60%, respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index are trading in the red decreasing by 0.76% and 0.31%, respectively.

On the NSE, 38 stocks hit the upper price band (Upper Circuit), and 59 stocks hit the lower price band (Lower Circuit). Here is the list of stocks (market cap above ₹1,000 crore) locked in the upper and lower circuits in today’s trading session.

Stocks hitting the upper circuit on Tuesday (December 31, 2024)

GMR Power & Urban Infra Ltd

GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, has expertise in energy, urban infrastructure, and transportation. It has a market capitalisation of ₹8,600 crore.

Stocks hitting the lower circuit on Tuesday (December 31, 2024)

Mamata Machinery Ltd

Incorporated in 1989, Mamata Machinery is in the machinery business related to bag packing, packing, plastic extrusion, parts, etc. The company has a market capitalisation of ₹1,400 crore.

AXISCADES Technologies Ltd

Axiscades Technologies is a technology solutions company focussing on engineering solutions and services. It has a market capitalisation of ₹2,300 crore.

Kernex Microsystems (India) Ltd

Recently Kernex Micro Systems (India) announced that it has been awarded a significant contract worth ₹2,041.04 crore 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 modernisation, 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 ₹2,050 crore. Over the past six months shares of the company have skyrocketed by 209%.

Kitex Garments Ltd

The company declared strong financial results for Q2FY25. It reported a 47.79% increase in total income from ₹148.17 crore in Q2FY24 to ₹218.98 crore. PAT has increased by 370.29% from ₹7.81 crore in Q2FY24 to ₹36.73 crore.

Kitex Garments was incorporated in 1992. The company exports cotton and organic cotton garments, especially infant wear, to U.S. and European markets. The company has a market capitalisation of ₹4,300 crore.