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Ola Electric Mobility, Suzlon Energy, Sky Gold, Suraj Estate Developers, Max India, and Brightcom Group hit the upper circuit
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5 min read | Updated on August 12, 2024, 13:58 IST
SUMMARY
On Monday, the NIFTY50 index recovered from the day’s low to trade in positive terrain above 24,400 levels. Ola Electric Mobility hit the 20% upper circuit, while Suzlon Energy, Sky Gold, Suraj Estate Developers, Max India and Brightcom Group hit the 5% upper circuit.
Ola Electric Mobility, Suzlon Energy, Sky Gold, Suraj Estate Developers, Max India, and Brightcom Group hit the upper circuit
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.07% and 0.02%, respectively. Nifty Midcap 100 index is trading in red by 0.31% and Nifty Smallcap 100 index advanced by 0.26%.
On the NSE, 90 stocks hit the upper price band (Upper Circuit), and 70 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.
Ola Electric Mobility Ltd
Founded in 2017, Ola Electric Mobility is an electric vehicle company that primarily manufactures electric vehicles and core components for electric vehicles. These components include battery packs, motors, and vehicle frames, all produced at the Ola Futurefactory.
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 that also undertakes installation and O&M of all WTG sales. The company has a market capitalisation of ₹98,850 crore. In the last year, its shares have surged 297%.
Sky Gold Ltd
Additionally, the board proposed raising of 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 800%. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹3,100 crore.
| Particulars | Q1 FY25 | Q1 FY24 | Y-o-Y (%) | Q4FY24 | Q-o-Q (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 723 | 375.7 | 92.4 | 513.4 | 40.8 |
| EBITDA | 37.3 | 18.6 | 100 | 25.3 | 47.2 |
| Profit After Tax | 21.2 | 10.7 | 98.9 | 13.6 | 56 |
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 ₹3,300 crore and has increased its shares by 125% in the last six months.
Max India Ltd
Max India is the holding company of Max Group’s Senior Care business, Antara, an integrated service provider for all senior care needs. The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance industry and has ventured into high-potential sectors of Senior Care and Real Estate. Max India has a market capitalisation of ₹1,400 crore and has increased its shares by 87% in the last year.
Brightcom Group Ltd
Brightcom Group stock hit the 5% upper circuit in the early morning session of Monday at ₹7.32. This comes after the company reported that it is expanding into Europe, Middle-East and Africa (EMEA) and Asia-Pacific (APAC) markets. The new entities under the brand name Trenova have been successfully incorporated in London and Hong Kong to serve as regional hubs for the company’s operations in the EMEA and APAC markets.
Brightcom Group offers digital marketing solutions to businesses, agencies and online publishers worldwide. It has a market capitalisation of ₹1,480 crore.
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