In a volatile morning session on Tuesday, Sensex was seen trading above the 72,900 mark up by 128 points, and most companies were seen trading positively. The BSE Midcap index rose by 0.41% at 41,345 and the BSE Smallcap index has jumped over 1% and is trading at 45,760 levels.
These four stocks with a market capitalisation of over ₹1,000 crore hit the upper and lower circuit in the morning session.
Stocks hitting the upper circuit on Tuesday (May 14, 2024)
Jyoti CNC Automation Ltd
Jyoti CNC Automation touched an upper circuit of 5% at ₹872.75. The company announced that it will hold a board meeting on May 18 to discuss and approve financial results for the fourth quarter end and financial year ended on March 31, 2024. Jyoti CNC Automation is a leading manufacturer of simultaneous 5-axis CNC machines in India, with a 10% market share in the country. The company was listed recently on January 16, 2024 and currently holds market capitalisation of ₹19,820 crore. Over the past three months, the stock has advanced by 47%. It made its debut on bourses with a decent listing.
Salasar Techno Engineering Ltd
On Tuesday, shares of
Salasar Techno Engineering are locked in the 5% upper circuit at ₹19.97. The stock price corrected more than 40% from February highs and reached an oversold zone. Today, the stock hit an upper circuit and this could be due to results anticipation for Q4FY24 and financial year-end 2024. Salasar Techno Engineering has established itself as a tower manufacturer and has emerged as a steel structure manufacturer and EPC infrastructure company providing services across the telecom, energy and railways sectors. It has a market capitalisation of ₹3,150 crore. Over the past one year shares of the company have soared by 132%.
Network 18 Media & Investments Ltd
The stock of
Network 18 Media & Investments corrected over 40% from its high made in the early part of January 2024. However, on Tuesday, the stock hit an upper circuit of 5% upper circuit at ₹80.37. Network 18 Media & Investments is engaged in activities spanning Digital Content, Print and Allied Businesses. It has a market capitalisation of ₹8,400 crore. Over the past year shares of the company have increased by 38%.
Stocks hitting lower circuit on Tuesday (May 14, 2024)
Blue Cloud Softech Solutions Ltd
On Tuesday, shares of
Blue Cloud Softech Solutions are locked in the 5% lower circuit at ₹86.03. The company has been hitting back-to-back lower circuits over the past week and has erased 50% of the gains earned in the last month. In over a month, the stock jumped nearly 100%. The circuit limits have been changed twice from 20% to 10% and then again from 10% to 5%. The surge in the company's stock price was mostly due to anticipation of results for Q4FY24 and year-end 2024. PAT stood at ₹16.08 crore in FY24. Blue Cloud Softech Solutions operates as a holding company engaged in software-related activities. It has a market capitalisation of ₹1,876 crore.
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