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Here's why Windsor Machines, Indo Tech Transformers hit the upper circuit

Upstox
By Upstox News Desk

2 min read | Updated on August 30, 2024, 13:45 IST

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SUMMARY

On Friday, the NIFTY50 index traded in positive terrain above the 25,200 level. Windsor Machines and Indo Tech Transformers hit the 5% upper circuit today.

Stock list

WINDMACHIN
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INDOTECH
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Here's why Windsor Machines and Indo Tech Transformers hit the upper circuit

Here's why Windsor Machines and Indo Tech Transformers hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.31% and 0.30%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green, increasing by 0.69% and 0.76%, respectively.

On the NSE, 63 stocks hit the upper price band (Upper Circuit), and 40 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 Friday (August 30, 2024)

Windsor Machines Ltd

Shares of Windsor Machines are locked in the 5% upper circuit at ₹204 in the early morning session on Friday. Recently, the stock had retraced from its 52-week high and as the stock reached around its important support level of 20-SMA, it saw renewed investor interest after a period of price correction following its 52-week high.

Incorporated in 1963, Windsor Machines is in the business of manufacturing plastic processing machinery. The company has a market capitalisation of ₹1,300 crore. Over the past year, its shares have climbed by 217%.

Indo Tech Transformers Ltd

Indo Tech Transformers shares were locked in a 5% upper circuit at ₹2,101.25 in the early morning session of Friday. Over the past six months, the company's shares have increased by 105%, and over the past year, they have gained 364%. In the past two trading sessions, the stock hit back-to-back lower circuits after breaking the streak of upper circuits.

Indo Tech Transformers manufactures power and distribution transformers, various special application transformers, mobile substation transformers, and substations. The company has a market capitalisation of ₹2,100 crore.

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About The Author

Upstox
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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