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  5. Here's why Gallantt Ispat, Atul Auto, 63 Moon Technologies, and Filatex Fashions hit the upper circuit

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Here's why Gallantt Ispat, Atul Auto, 63 Moon Technologies, and Filatex Fashions hit the upper circuit

Upstox
By Upstox News Desk

3 min read | Updated on September 02, 2024, 12:47 IST

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SUMMARY

On Monday, the NIFTY50 index traded in positive terrain above the 25,300 level. Gallantt Ispat, Atul Auto, Filatex Fashions and 63 Moons Technologies hit the 5% upper circuit.

Stock list

GALLANTT
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ATULAUTO
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FILATFASH
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63MOONS
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Here's why Gallantt Ispat, Atul Auto, 63 Moon Technologies, and Filatex Fashions hit the upper circuit

Here's why Gallantt Ispat, Atul Auto, 63 Moon Technologies, and Filatex Fashions hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.28% and 0.30%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in red, decreasing by 0.22% and 0.06%, respectively.

On the NSE, 98 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 upper and lower circuits in today’s trading session.

Stocks hitting the upper circuit on Monday (September 02, 2024)

Gallantt Ispat Ltd

Shares of Gallantt Ispat hit the 5% upper circuit at ₹395.90 in the early morning session on Monday. Incorporated in 2005, Gallantt Ispat is a leading Iron and Steel manufacturing company located in Eastern Uttar Pradesh. The company is engaged in the business of Iron & Steel, Agro, Power and Real Estate.

The company reported that under the infrastructure and industrial investment policy - 2012 of the State Government of Uttar Pradesh has been partly reimbursed State Goods and Services Tax (SGST) amounting ₹21.58 crore. The company has a market capitalisation of ₹9,400 crore and has climbed its shares by 322% over the past year.

Atul Auto Ltd

Atul Auto shares were locked in a 5% upper circuit at ₹665.85 in the early morning session of Monday. Atul Auto manufactures and sells auto rickshaws in domestic and overseas markets.

The company has an installed capacity of 60,000 units per annum at Rajkot Plant. It caters to a diverse customer base in the Cargo & Passenger segment, available on both platforms i.e. 350 kgs payload capacity and 500 kgs payload capacity, multi-fuel choice, i.e. Diesel, Petrol, CNG, LPG and E-Vehicles. The company has a market capitalisation of ₹1,850 crore.

Filatex Fashions Ltd

Shares of Filatex Fashions got locked in the second consecutive day upper circuit of 5% at ₹1.27 in the early morning session on Monday. 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. Time period 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 ₹1,050 crore.

63 Moons Technologies Ltd

Today, shares of 63 Moons Technologies are locked in the 5% upper circuit at ₹342.85 in the early morning session on Monday. 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 ₹1,580.

About The Author

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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