Paytm and Advait Infratech hit the upper circuit, while Swan Energy hit the lower circuit today

The Nifty50 index and Sensex were seen trading positive up by 0.20% and 0.28%, respectively. Nifty Midcap 100 index traded lower by 0.33% and Nifty Smallcap 100 index was also trading lower by 0.33%.

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

Stocks hitting the upper circuit on Friday (May 31, 2024)

One97 Communications (Paytm)

For the past two days stock was in the news after reports surfaced stating that the Adani Group was considering buying a stake in the company. Later on, the company issued a clarification stating that the report was speculation. Furthermore, Paytm would be added to the MSCI India Domestic Small Cap Index, while it would take an exit from the MSCI India Domestic Index.

Advait Infratech Ltd

Additionally, the company plans to raise funds by way of a preferential issue on a private placement basis. The issue of up to 5,92,940 equity shares of face value of ₹10 each at a price of ₹1,388 aggregating up to ₹82,30,00,720. Advait Infratech is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields. It has a market capitalisation of ₹1,480 crore. In the last one year, shares of the company have surged by 375%.

Stocks hitting lower circuit on Friday (May 31, 2024)

Swan Energy Ltd

Swan Energy was originally incorporated as Swan Mills, a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it diversified into real estate and is developing a Floating Storage and Regasification Units -based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. It has a market capitalisation of ₹18,000 crore.