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  5. Nucleus Software Exports, Urja Global, DCX Systems, GMR Power & Urban Infra and Sky Gold hit the upper circuit

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Nucleus Software Exports, Urja Global, DCX Systems, GMR Power & Urban Infra and Sky Gold hit the upper circuit

Upstox
By Upstox News Desk

4 min read | Updated on August 20, 2024, 13:54 IST

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SUMMARY

On Tuesday, the NIFTY50 index traded in positive terrain near 24,700 levels. Nucleus Software Exports hit the 20% upper circuit while Urja Global hit the 10% upper circuit and DCX Systems, GMR Power & Urban Infra and Sky Gold hit the 5% upper circuit.

Stock list

NUCLEUS
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URJA
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DCXINDIA
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GMRP&UI
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SKYGOLD
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Nucleus Software Exports, Urja Global, DCX Systems, GMR Power & Urban Infra and Sky Gold hit the upper circuit

Nucleus Software Exports, Urja Global, DCX Systems, GMR Power & Urban Infra and Sky Gold hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.47% and 0.41%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green, increasing by 0.36% and 0.38%, respectively.

On the NSE, 118 stocks hit the upper price band (Upper Circuit), and 20 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 Tuesday (August 20, 2024)

Nucleus Software Exports Ltd

Shares of Nucleus Software Exports were locked in the 20% upper circuit at ₹1,411.55 in the early morning session of Tuesday. Yesterday, the company reported that the Board of Directors of Nucleus Software Exports is scheduled to be held on August 22, 2024, to consider the proposal for the buyback of equity shares of the company.

Nucleus Software provides lending and transaction banking products to the global financial services industry. Their software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. It has a market capitalisation of ₹3,800 crore. In the last year, the company's shares have given returns of over 40%.

Urja Global Ltd

Urja Global stock hit the 10% upper circuit for the second consecutive day at ₹24.21 in the early morning session of Tuesday. On August 16 the company announced the pre-launch of High-Speed Electric Scooter “CHETNA”. The CHETNA is equipped with a Lithium-Ion battery, providing a range of over 100 kilometres on a single charge.

Urja Global is a pioneer in the renewable energy sector, delivering innovative and sustainable energy solutions, including solar products, batteries, and electric vehicles known for manufacturing low-speed scooters in the non-RTO segment; the company has now expanded its offerings to include high-speed scooters with full RTO registration. It has a market capitalisation of ₹1,250 crore. In the last year, the company's shares have given returns of over 143%.

DCX Systems Ltd

DCX Systems shares were locked in the 5% upper circuit at ₹352.45 on Tuesday. On August 16 the company reported an update on the new order since it is locking in the upper circuit. The company has received contracts/orders for ₹107.09 crore from domestic and overseas customers. It is for the supply of electronic kits and cable and wire harness assemblies.

Incorporated in 2011, Dcx Systems is in the business of System Integration and Cable & Wire Harnessing. It has a market capitalisation of ₹3,900 crore. In the last year, the company's shares have given returns of over 25%.

GMR Power & Urban Infra Ltd

GMR Power & Urban Infra stock got locked in the 5% upper circuit at ₹116 in the early morning session of Tuesday. The surge in stock prices could be attributed to the company's strong financial earnings, which were reported after the August 14 closing session. On a consolidated basis, for Q1FY25, the company reported 45.77% growth in total income from ₹1,190.42 crore in Q1FY24 to ₹1735.22 crore. PAT has increased from a net loss of ₹217.75 crore in Q1FY24 to ₹1362.1 crore.

GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, has expertise in the sectors of energy, urban infrastructure, and transportation. It has a market capitalisation of ₹8,300 crore. In the last year, the company's shares have given staggering returns of over 409%.

(₹ in crores)Growth
ParticularsQ1FY25Q4FY24Q1FY24YoYQoQ
Total Income1735.221769.191190.4245.77%-1.92%
PAT1362.1170.39-217.75-699.40%

Sky Gold Ltd

Sky Gold was locked in the 5% upper circuit today at ₹2,658.35. Recently, the company declared strong financial results. On a consolidated basis, for Q1FY25, the company reported 92.4% growth in revenue from operations from ₹375.7 crore in Q1FY24 to ₹723 crore. PAT has increased by 98.9% from ₹10.7 crore in Q1FY24 to ₹21.2 crore.

Additionally, the board proposed raising funds in one or more tranches for an aggregate amount not exceeding ₹270 crore. In the last year, the company's shares have given staggering returns of over 780%. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹3,500 crore.

ParticularsQ1 FY25Q1 FY24Y-o-Y (%)Q4FY24Q-o-Q (%)
Revenue from Operations723375.792.4513.440.8
EBITDA37.318.610025.347.2
Profit After Tax21.210.798.913.656

About The Author

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