Here's why Servotech Power Systems, Manorama Industries and Marine Electricals (India) hit the upper circuit on Wednesday

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green on Wednesday, advancing by 0.36% and 0.33%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index were in the green, increasing by 0.76% and 0.02%, respectively.

In the morning session on Wednesday, on the NSE, 100 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 circuits in today’s trading session.

Stocks hitting the upper circuit on Wednesday (July 31, 2024)

Servotech Power Systems Ltd

Servotech Power Systems develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. Currently, the company has a market capitalisation of ₹2,750 crore. Over the past year, shares of the company have increased by 32.50%.

Manorama Industries Ltd

Manorama Industries is a global pioneer in manufacturing speciality fats & butters and exotic products. The company has carved a niche in manufacturing Sal CBE & Stearin, Shea CBE & Stearin, Mango CBE & Stearin and other exotic fats & butter. Currently, the company has a market capitalisation of ₹4,300 crore. Over the past year, shares of the company have increased by 115%.

Marine Electricals (India) Ltd

In the 2024 investor presentation, the company reported that it has an order book of ₹497 crore. The company has a market capitalisation of ₹3,500 crore. In the last one year, it has given returns over 300%.