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Orient Electric, Bhagiradha Chemicals & Industries and Shakti Pumps (India) hit the upper circuit, while Sky Gold hit the lower circuit today
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4 min read | Updated on October 28, 2024, 12:49 IST
SUMMARY
On Monday, the NIFTY50 index traded in green above the 24,400 level. Orient Electric hit the 20% upper circuit while Bhagiradha Chemicals & Industries hit the 10% upper circuit. Shakti Pumps (India) hit the 5% upper circuit while Sky Gold hit the 5% lower circuit today.
Orient Electric, Bhagiradha Chemicals & Industries and Shakti Pumps (India) hit the upper circuit, while Sky Gold hit the lower circuit today
Domestic equity bourses, NIFTY50 and SENSEX, are trading in the green, advancing by 0.90% and 1.02%, respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index are trading in the green, up by 0.87% and 1.20%, respectively.
On the NSE, 84 stocks hit the upper price band (Upper Circuit), and 125 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 upper circuit on Monday (October 28, 2024)
Orient Electric Ltd
Orient Electric is one of the leading consumer electrical brands in India with a diverse portfolio of fans, lighting, home appliances and switch-gears. The company has a market capitalisation of ₹5,400 crore.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q2FY25 | Q1FY25 | Q2FY24 | YoY | QoQ |
| Total Income | 664.34 | 757.33 | 570.26 | 16.50% | -12.28% |
| PAT | 10.44 | 14.34 | 18.45 | -43.41% | -27.20% |
Bhagiradha Chemicals & Industries Ltd
Veteran investor Radhakishan Damani’s entity, Derive Trading and Resorts Private Limited, holds a 3.5% stake in the company, acquired on June 5, 2024. The company currently has a market capitalization of ₹4,300 crore.
Shakti Pumps (India) Ltd
Additionally, the board of the company has recommended the issue of Bonus Shares in the ratio of 5:1, i.e., 5 new fully equity shares for every 1 existing equity share. As of September 30, 2024 company order book stands at ₹1,800 crores.
Shakti Pumps (India) is primarily engaged in manufacturing pumps and motors of various kinds. It also offers advanced water pumping solutions for a wide range of applications, such as irrigation, horticulture, domestic water supply, and commercial and industrial applications. Over the past year, the company's shares have zoomed by 333%. It has a market capitalisation of ₹8,90 crore.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q2FY25 | Q1FY25 | Q2FY24 | YoY | QoQ |
| Total Income | 640.32 | 570.52 | 153.53 | 317.07% | 12.23% |
| PAT | 101.42 | 92.66 | 5.84 | 1636.64% | 9.45% |
Stocks hitting the lower circuit on Monday (October 28, 2024)
Sky Gold Ltd
Over the past one year shares of the company have risen by 380% and over the past two years it has shown an increase of 1995% in its price. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹4,800 crore.
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