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  5. Optiemus Infracom, VL E-Governance & IT Solutions and Sagility India hit the lower circuit

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Optiemus Infracom, VL E-Governance & IT Solutions and Sagility India hit the lower circuit

Upstox
By Upstox News Desk

3 min read | Updated on December 13, 2024, 13:13 IST

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SUMMARY

In Friday's early session, the NIFTY50 index traded in red near the 24,200 mark. Optiemus Infracom, VL E-Governance & IT Solutions and Sagility India hit the 5% lower circuit.

Stock list

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Three stocks hit the circuits today: Optiemus Infracom, VL E-Governance & IT Solutions and Sagility India hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red declining by 1.35% and 1.25%, respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the red decreasing 1.62% and 2.04%, respectively.

On the NSE, 40 stocks hit the upper price band (Upper Circuit), and 53 stocks hit the lower price band (Lower Circuit).

Here is the list of stocks (market cap above ₹1,000 crore) locked in the upper and lower circuits in today’s trading session.

Stocks hitting the lower circuit on Friday (December 13, 2024)

Optiemus Infracom Ltd

Shares of Optiemus Infracom hit the 5% lower circuit limit at ₹741.95 in the early morning session of Friday. This comes as yesterday the company held the board meeting and approved a preferential issue of up to 21,85,884 equity shares having a face value of ₹10 at an issue price of ₹672.25 per equity share, which makes the total issue size approximately ₹147 crores.

Among the allottees, JM Financial Mutual Fund has invested in 8,90,000 shares, Dymon Asia Multi-strategy Investment (Singapore) Pte. Ltd. has invested in 7,45,000 shares, different Bandhan funds have invested in 4,90,884 shares, and the remaining shares have been invested in others.

Optiemus Infracom has been primarily engaged in the distribution of mobile handsets of reputed brands like Nokia and Samsung for the last 25 years. The group first started distributing Nokia handsets in the Delhi General Trade market in 1995. The company has a market capitalisation of ₹6,400 crore.

VL E-Governance & IT Solutions Ltd

Shares of VL E-Governance & IT Solutions (VL E-Governance) hit the 5% lower circuit at ₹153.88 in the early morning session of Friday. Recently the company has made many changes to their board of directors.

Incorporated in 2016, VL E-Governance is in the business of E-Governance & IT/ITES Business (B2B). The company has a market capitalisation of ₹1,600 crore.

Sagility India Ltd

Sagility India hit the 5% lower circuit limit at ₹38.76 in the early morning session today. Recently, the company declared strong financial results for Q2FY25. Revenue from operations for the quarter under review jumped 21% YoY to ₹1,325 crore compared to ₹1,094.10 crore in Q2FY24. PAT came at ₹117.34 crore, up 236% YoY, in the same quarter last year, the company's profit was ₹34.96 crore and in the last quarter, the profit was ₹22.29 crore.

The company was listed recently on November 12, 2024, at a 3.5% premium over the IPO price. Sagility is a technology-enabled, healthcare-focused solutions and services provider that supports U.S.-based payers, providers, and their partners in delivering best-in-class operations, enhancing member and provider experiences, and improving the quality of care, all while ensuring cost-effective financial and clinical outcomes. The company serves five of the top ten health insurance companies in the U.S., utilising its advanced technology, processes, and solutions to ensure efficient operations and minimise additional administrative costs. It has a market capitalisation of ₹18,200 crore.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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