KPI Green Energy, PC Jeweller, RattanIndia Power and Suraj Estate Developers hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green on Friday, advancing by 0.74% and 0.69%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index were in the green, increasing by 1.44% and 0.55%, respectively.

In the morning session on Friday, on the NSE, 96 stocks hit the upper price band (Upper circuit), and 10 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 (July 26, 2024)

KPI Green Energy Ltd

It has won one part of both tenders. For Tender I, it has won 250MWAC for Solar Photovoltaic Power Projects, and for Tender II, it has won 370MWAC for Hybrid RE Power Projects. With these capacity additions, the company's cumulative portfolio of renewable energy will soar to 2,800+ MW, out of which 1,432+ MW is under the Independent Power Producer (IPP) segment and 1,368+ MW is under the Captive Power Producer (CPP) segment.

KPI Green Energy is a Gujarat-based company specialising in renewable energy solutions. They develop, build, own, and operate solar power plants, both as Independent Power Producers (IPP) and Captive Power Producers (CPP). It has a market capitalisation of ₹11,500 crore. Over the past year, shares have soared by 240%.

PC Jeweller Ltd

The stock of a popular jewellery brand was locked in a back-to-back upper circuit for the past few trading days, and it also locked in an upper circuit of 5% in the morning session at the price of ₹85.83. Earlier, the company received approval on the One Time Settlement (OTS) proposal submitted to the Bank of Baroda on July 20, 2024 and IndusInd Bank on July 15, 2024. The company had opted for OTS to settle the outstanding dues. Yesterday it has reported that the company received one more approval on the One Time Settlement (OTS) proposal submitted to the Canara Bank on July 24, 2024. PC Jeweller manufactures, sells, and trades gold, diamond-studded, and silver jewellery and operates in different geographical areas. The company has a market capitalisation of ₹4,000 crore and has surged 157% in shares in the last year.

RattanIndia Power Ltd

Talking about the March quarter, on a consolidated basis the company has reported a flat growth in total income. In the same time frame, the company reported a profit of ₹10,666.21 crore in Q4FY24 from a loss of ₹483.06 crore in Q4FY23. In the last 12 financial years, the company was profitable in only two financial years: March 2020 and March 2024. In the March quarter the company's profit came after it had sold almost half of its assets and repaid their borrowings.

RattanIndia Power is one of India’s largest private power generation companies. It has a market capitalisation of ₹9,200 crore. In the last one year, shares of the company have surged by 249%.

Suraj Estate Developers Ltd

Suraj Estate Developers is a real estate construction company that develops residential and commercial properties in the South Central Mumbai region. It has a market capitalisation of ₹2,900 crore and has increased its shares by 99% in the last six months.