Ola Electric Mobility, Salasar Techno, Genus Power, Paras Defence, Sky Gold hit the upper circuit

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.10% and 0.01%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green, increasing by 0.19% and 1.27%, respectively.

On the NSE, 125 stocks hit the upper price band (Upper Circuit), and 44 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 Monday (August 19, 2024)

Ola Electric Mobility Ltd

The company has announced the launch of a new Roadster series of motorcycles - Roadster, Roadster X, and Roadster Pro. The selling price of the bike started from ₹74,999 and went to ₹2,49,999 capturing a wide range of customers. Booking for the bike has begun and delivery can be expected from Q4FY25. Ola Electric announced the integration of its own cells in its electric vehicles starting Q1 FY26, giving it a strong competitive edge with highly efficient cost structures. The cell is currently under trial production at Ola’s Gigafactory.

Additionally Ola Electric showcased its upcoming Gen-3 platform which will be the foundation of the company’s future electric vehicles. The most advanced EV platform yet will enable scalability, enhanced performance and better efficiency while also reducing costs. The company has also teased the latest iteration of its operating software - MoveOS 5 and it will unlock a host of many new features.

Ola Electric Mobility is a leading electric vehicle (EV) manufacturer in India, specialising in the vertical integration of technology and manufacturing for EVs and their components, including battery cells. Operations are centred around the Ola Futurefactory, where production of EVs and critical components like battery packs, motors, and vehicle frames are undertaken. The company has a market capitalisation of ₹64,500 crore.

Salasar Techno Engineering Ltd

In terms of sales mix for Q1FY25, Steel Structures stood at 64%, EPC from Power Transmission sales stood at 32% and EPC from Railway sales stood at 4%. The total order book as of June 30, 2024, stands at ₹2,401.9 crore. Established in 2006 as a tower manufacturer, Salasar Engineering has emerged as a fast-growing steel structure manufacturer & EPC infrastructure company providing services across the telecom, energy and railways sectors. It has a market capitalisation of ₹3,150 crore. In the last year, the company's shares have given returns of over 72%.

Genus Power Infrastructures Ltd

With these recent orders total order book of the company including all SPVs and the GIC Platform, exceeds ₹24,383 crore (net of taxes). These concessions are for 8 to 10 years.

Genus Power is primarily engaged in manufacturing/providing metering and metering solutions and undertaking engineering, construction and contracts on a turnkey basis. The company operates through two segments: Metering business and Strategic investment activity. Genus Power has a market capitalisation of ₹12,400 crore. Over the past year, its shares have climbed 88%.

Paras Defence and Space Technologies Ltd

As of March 2024, the company's order book stands at ₹630 crore. Paras Defence and Space Technologies designs, develops, manufactures, and tests a variety of defence and space engineering products and solutions. The company caters to four major segments: Defence and space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions. It has a market capitalisation of ₹4,950 crore. In the last year, the company's shares have given returns of over 92%.

GMR Power & Urban Infra Ltd

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 ₹7,900 crore. In the last year, the company's shares have given staggering returns of over 385%.

Techno Electric & Engineering Company Ltd

Recently, the company declared financial results for Q1FY25. On a consolidated basis, for Q1FY25, the company reported a 27.81% growth in total income from ₹305.15 crore in Q1FY24 to ₹390.02 crore. PAT has increased by 288.36% from ₹25.26 crore in Q1FY24 to ₹98.1 crore.

Techno Electric & Engineering Company is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. It has a market capitalisation of ₹20,100 crore. In the last year, the company's shares have given returns of over 257%.

Sky Gold Ltd

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 745%. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹3,350 crore.