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Indraprastha Medical Corporation, Cupid and HSCL hit the upper circuit while Exicom Tele-Systems and Mahanagar Telephone Nigam hit the lower circuit
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5 min read | Updated on August 06, 2024, 14:24 IST
SUMMARY
After yesterday's fall, today the NIFTY50 index traded in the green, advancing by 0.88%. Indraprastha Medical Corporation hit the 20% upper circuit while Cupid and Himadri Speciality Chemical hit the 5% upper circuit. Exicom Tele-Systems and Mahanagar Telephone Nigam hit the 5% lower circuit.
Stock list
Indraprastha Medical Corporation, Cupid and Himadri Speciality Chemical hit the upper circuit while Exicom Tele-Systems and Mahanagar Telephone Nigam hit the lower circuit
Domestic equity bourses, NIFTY50 and SENSEX, were trading in green, advancing by 0.88% and 0.90%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index also rose by 1.40% and 1.68%, respectively.
On the NSE, 89 stocks hit the upper price band (Upper Circuit), and 39 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 (August 06, 2024)
Indraprastha Medical Corporation Ltd
Additionally, the board of the company approved the reappointment of Shivakumar Pattabhiraman as Managing Director for two years. Incorporated in 1988 as a JV between Apollo Hospitals Enterprise and the Delhi Government, Indraprastha Medical Corporation is a super speciality tertiary care hospital in New Delhi. It has a market capitalisation of ₹2,800 crore. Over the past one year shares of the company have surged by 132%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 352.98 | 319.62 | 310.07 | 13.84% | 10.44% |
| PAT | 44.77 | 31.17 | 30.5 | 46.79% | 43.63% |
Cupid Ltd
Additionally, the company is incorporating a wholly-owned subsidiary of the company in the United Arab Emirates for expansion. Earlier the company reported that it plans to expand its e-commerce presence on India's premier online marketplaces, including Amazon, Flipkart, and 1mg.
Cupid operates in the contraceptive and personal wellness industry. It is India's premier manufacturer of male and female condoms, personal lubricants, and IVD kits. The company has recently launched its line of CUPID Deodorants and Pocket Perfumes. The company has a market capitalization of ₹2,400 crore. Over the past year, its shares have climbed 552%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 44.03 | 65.88 | 35.2 | 25.09% | -33.17% |
| PAT | 8.26 | 23.72 | 2.16 | 282.41% | -65.18% |
Himadri Speciality Chemical Ltd
For Q1FY25 revenue grew 26% YoY (Year on Year) with EBITDA and PAT growth of 43% and 41% YoY respectively. The company has a market capitalisation of ₹23,400 crore. Over the past one year shares of the company have surged by 235%.
Stocks hitting the lower circuit on Tuesday (August 06, 2024)
Exicom Tele-Systems Ltd
Additionally, the company has approved an investment of up to ₹470 crore in Exicom Power Solutions B.V., a wholly-owned subsidiary of the company in the Netherlands. The investment will be in one or more tranches through subscription of shares or any other permissible mode.
Incorporated in 1994, Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions. It has a market capitalisation of ₹4,900 crore.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 259.24 | 305.86 | 269.17 | -3.69% | -15.24% |
| PAT | 18.24 | 27.46 | 9.64 | 89.21% | -33.58% |
Mahanagar Telephone Nigam Ltd
Over the past one month shares of the company have seen a sharp rise in its value from around ₹45-46 to hit a 52-week high of ₹101.88 on July 29. In the past month, it has increased over 120%. The company has a market capitalisation of ₹4,200 crore.
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