Top stocks that are locked in upper and lower circuits
Upstox
3 min read • Updated: May 7, 2024, 11:40 AM
Summary
Among the trending stocks on Tuesday, Tinna Rubber & Infrastructure, Kesar India and Sky Gold hit a 5% upper circuit, while shares of One 97 Communications touched the lower circuit on second consecutive day
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On Tuesday, the BSE Sensex opened at a higher level. Currently, it is trading at the 73,567 mark, down by 300 points. In the early morning trade, most companies are trading negatively. The BSE Midcap index is hovering at 41,797 while the BSE Smallcap index is trading at 46,429. These four stocks with a market capitalisation of over ₹1,000 crore hit the upper and lower circuit in the morning session.
Stocks hitting the upper circuit on Tuesday (May 7, 2024)
Tinna Rubber & Infrastructure Ltd
Tinna Rubber & Infrastructure locked in a 5% upper circuit at ₹990.60 ahead of its Q4 results. On May 5, the company declared that a meeting of the Board of Directors is scheduled to be held on May 27. Yesterday as well, the stock was locked in the upper circuit. The company also touched its new 52-week high today. Tina Rubber & Infrastructure Ltd is primarily engaged in the conversion of end-of-life tyres into crumb rubber and steel wires obtained in the process. It has a market capitalisation of ₹1,697 crore. In the last one year, shares of the company have surged by 345.21%.
Kesar India Ltd
Kesar India is hitting back-to-back upper circuit of 5%. One of their projects, Kesar Gateway spanning more than 1.5 million square feet has been completed in a record-breaking time 28 months, earlier than its proposed completion date of March 2026. Since announcing the news on May 2 it is continuously hitting the upper circuit. Today also, the stock got locked in the upper circuit at ₹465.85. Kesar India is in the business of real estate development and constructing residential and commercial projects and has a market capitalisation of ₹1,151 crore. In the past twelve months shares of the company have soared by a stunning 1,316.82%.
Sky Gold Ltd
Sky Gold’s recent surge suggests a strong uptrend. Fueled by anticipation of a robust performance, the stock has been hitting a back-to-back upper circuit of 5% for the past few days. Investor sentiment is bullish, driving the price higher. Sky Gold is engaged in the business of designing, manufacturing, and marketing gold jewellery. It has a market capitalisation of ₹1,839 crore. In the last one year, the shares of the company have given multibagger returns of over 315%.
Stocks hitting lower circuit on Tuesday (May 7, 2024)
One 97 Communications Ltd
Shares of Paytm touched a 5% lower circuit on the second consecutive day at ₹334.15. The recent fall was mainly due to the resignation of COO Bhavesh Gupta on May 4, which shattered investors' confidence. In addition to this, the company allotted stock options under the Employee Stock Option Plan. Paytm is India’s leading digital ecosystem for consumers and merchants and has built the largest payment platform. It has a market capitalisation of ₹21,242 crore.