Paras Defence, Sky Gold, Marine Electricals among key stocks to hit upper circuit today; here’s why

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the green, advancing by 1.50% and 1.38% respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the green, increasing by 1.78% and 1.91%, respectively.

On the NSE, 94 stocks hit the upper price band (Upper Circuit) and 21 stocks hit the lower price band (Lower Circuit).

Paras Defence and Space Technologies

Paras Defence and Space Technologies (PDST) is a Private sector company primarily engaged in designing, developing, manufacturing, and testing various 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 ₹4,063 crore.

Marine Electricals (India) Limited

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. It has a market capitalisation of ₹ 3,259.90 crore.

Sky Gold Ltd

Earlier this month, the company announced that its board had approved the issue of bonus shares in the 9:1 ratio. This means that it will issue nine new bonus equity shares of ₹10 each for every one existing equity share of ₹10 each, and the record date is yet to be announced.

In the last one year, shares have risen by 350% and over the past two years, it has shown an increase of 2,360% in its price. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹6,066.76 crore.

Kernex Microsystems (India) Ltd

Recently, the company declared strong financial results for Q2FY25. On a consolidated basis, Total Income for Q2FY25 stood at ₹41.48 crore, registering growth of 2384% on a YoY basis and 43.48% on a QoQ basis. PAT for Q2FY25 stood at ₹6.81 crore, compared to a net loss of ₹4.53 crore in the same quarter last year. The company has a market capitalisation of ₹1,640 crore.