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PC Jeweller, Indo Tech Transformer, GMR Power & Urban Infra and 63 Moons Technologies hit the upper circuit today
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4 min read | Updated on September 05, 2024, 12:44 IST
SUMMARY
On Thursday, the NIFTY50 index traded in negative terrain near the 25,200 level. PC Jeweller, Indo Tech Transformer, GMR Power & Urban Infra and 63 Moons Technologies hit the 5% upper circuit.
Stock list
PC Jeweller, Indo Tech Transformer, GMR Power & Urban Infra and 63 Moons Technologies hit the upper circuit today
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red, declining by 0.12% and 0.13%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are trading in the green, up by 0.16% and 0.24% respectively.
On the NSE, 88 stocks hit the upper price band (Upper Circuit), and 32 stocks hit the lower price band (Lower Circuit).
Here is the list of stocks (market cap above ₹1,000 crore) locked in upper circuits in today’s trading session.
Stocks hitting the upper circuit on Thursday (September 05, 2024)
PC Jeweller Ltd
Recently the company has declared strong financial results for Q1FY25. In the quarter, the company reported a 505.67% increase in total income from ₹72.61 crore in Q1FY24 to ₹439.78 crore. PAT has increased from a net loss of ₹171.62 crore in Q1FY24 to ₹156.06 crore. After six consecutive quarters of loss-making, the company has generated profits this quarter.
Additionally, the company has settled their outstanding dues through One Time Settlement (OTS) from many banks including IDBI Bank, IDFC First Bank, Indian Bank, Indian Overseas Bank, Bank of Baroda, IndusInd Bank and Canara Bank. PC Jeweller manufactures, sells, and trades gold, diamond-studded, and silver jewellery and operates in different geographical areas. The company has a market capitalisation of ₹5,700 crore and has surged 340% in shares in the last year.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 439.78 | 59.54 | 72.61 | 505.67% | 638.63% |
| PAT | 156.06 | -121.64 | -171.62 | - | - |
Indo Tech Transformers Ltd
Indo Tech Transformers manufactures power and distribution transformers, various special application transformers, mobile substation transformers, and substations. The company has a market capitalisation of ₹2,200 crore. Over the past one year, the company's shares have increased by 370%.
GMR Power & Urban Infra Ltd
The 5th Annual General Meeting will be held on Monday, September 16, 2024. It is looking to raise funds of up to ₹3,000 crore in one or more tranche(s) through the issue of securities, including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities.
GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, has expertise in the sectors of energy, urban infrastructure, and transportation. It has a market capitalisation of ₹10,600 crore. In the last year, the company's shares have given staggering returns of over 296%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 1735.22 | 1769.19 | 1190.42 | 45.77% | -1.92% |
| PAT | 1362.1 | 170.39 | -217.75 | - | 699.40% |
63 Moons Technologies Ltd
63 Moons Technologies is engaged in Computer Programming, Consultancy and related services. The company provides next-generation technology ventures, innovations, platforms, and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. Its focus has always been towards providing technology solutions, building user-friendly financial platforms, and creating digital marketplaces in India and abroad. The company has a market capitalisation of ₹1,800.
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