Mamta Machinery locked in lower circuit amid profit booking; Indo Tech Transformers, Cellecor Gadgets in 5% upper circuits

Indian markets opened lower on January 1, taking cues from negative global markets. The NIFTY50 opened flat with a negative bias and 10-point losses on Wednesday morning. The market breadth favoured advances, with 1663 stocks traded in green and 769 in red at 10:00 a.m. Similarly, 76 stocks locked in the upper circuit on the first trading session of 2025 and 28 in the lower circuit. Here are some prominent names locked in the upper and lower circuits.

Indo Tech Transformers

Secondly, the company also secured two LOAs (Letters of Award) for purchasing 13 150 MVA transformers worth ₹117 crore and three transformers worth ₹32 crore. During the trailing 12 months, shares of the company have delivered impressive 340% returns.

Sequent Scientific

The company reported a 6.6% jump in revenue at ₹386 crore for Q2FY25 and 70% YOY growth in EBITDA(pre-ESOP) at ₹44 crore. The EBITDA margins improved by 450 bps to 12.1% led by cost-effective measures implemented during the quarter. The shares have given stellar 61% returns in 2024.

Cellecor Gadgets

Cellecor Gadgets Limited is engaged in the procurement, branding and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smartwatches and neckbands. It sells its products under its flagship brand, i.e., CELLECOR. In H1FY25, the company’s revenue grew by 45% YoY to ₹425 crore, followed by a 49% jump in EBITDA at ₹253 crore and a 61% jump in net profits at ₹146 crore.

Lower circuit stocks

Mamata Machinery Ltd

Mamata Machinery manufactures and exports plastic bags and pouch-making machines, packaging machines and extrusion equipment. It provides end-to-end manufacturing solutions for the packaging industry.