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Kirloskar Electric Company, Suzlon Energy, Marine Electricals (India), Zen Technologies and Cupid hit the upper circuit
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5 min read | Updated on August 08, 2024, 15:13 IST
SUMMARY
On Thursday, the NIFTY50 index traded in negative terrain near 24,200 levels. Kirloskar Electric Company hit the 10% upper circuit while Suzlon Energy, Marine Electricals (India), Zen Technologies and Cupid hit the 5% upper circuit.
Kirloskar Electric Company, Suzlon Energy, Marine Electricals (India), Zen Technologies and Cupid hit the upper circuit
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red, declining by 0.43% and 0.42%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index advanced by 0.36% and 0.40%, respectively.
On the NSE, 68 stocks hit the upper price band (Upper Circuit), and 41 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 Thursday (August 08, 2024)
Kirloskar Electric Company Ltd
On August 6, 2024, the company declared its financials for Q1FY25. On a consolidated basis, for Q1FY25, the company reported 13.18% growth in total income from ₹118.799 crore in Q1FY24 to ₹134.45 crore. PAT has increased by 5.46% from ₹1.83 crore in Q1FY24 to ₹1.93 crore. The company has a market capitalisation of ₹1,400 crore. In the last year, shares of the company have surged 86%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 134.45 | 170.98 | 118.79 | 13.18% | -21.37% |
| PAT | 1.93 | 5.42 | 1.83 | 5.46% | -64.39% |
Suzlon Energy Ltd
The company's wind order book stands at 3.8 GW. Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. The company has a market capitalisation of ₹98,850 crore. In the last one year, shares of the company have surged 290%.
Marine Electricals (India) Ltd
The company reported that the board of directors will meet on Monday, August 12, 2024, to consider and approve the financial results for the quarter ended June 30, 2024.
Recently, Marine Electricals (India) reported that it will be participating in the upcoming SMM 2024 exhibition, one of the largest maritime exhibitions in the world, scheduled to take place from September 3 to September 6, 2024, at the Hamburg Messe and Congress, Hamburg, Germany. The company has a market capitalisation of ₹3,700 crore. In the last year, it has given returns of over 300%.
Zen Technologies Ltd
Strong financial results were recently declared for Q1FY25. On a consolidated basis, for Q1FY25, the company reported 90.72% growth in total income from ₹135.13 crore in Q1FY24 to ₹257.72 crore. PAT has increased by 64.13% from ₹48.43 crore in Q1FY24 to ₹79.49 crore. As of June 30, 2024, the company's total order book stands at ₹1,158.54 crore. The company has a market capitalisation of ₹14,500 crore. Over the past year, its shares have climbed 132%.
Cupid Ltd
Additionally, the company is incorporating a wholly-owned subsidiary in the United Arab Emirates for expansion. The company reported that it plans to expand its e-commerce presence in 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. It has a market capitalisation of ₹2,700 crore. Over the past year, its shares have climbed 604%.
| (₹ 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% |
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