PC Jeweller, Transformers & Rectifiers India, Diamond Power Infrastructure and Wockhardt hit the upper circuit on Tuesday

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 0.21% and 0.15%, respectively. The Nifty Midcap 100 index is trading in the red, falling by 0.07% and Nifty Smallcap 100 index is trading positively, up by 0.55%.

On the NSE, 84 stocks hit the upper price band (Upper Circuit), and 28 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 Tuesday (October 15, 2024)

PC Jeweller Ltd

The company’s preferential issue of 48,13,42,500 Fully Convertible Warrants has been successfully completed. The issue was subscribed 99.89% amounting to an issue size of ₹2,702.11 crore have been subscribed by the proposed allottees including the promoter group.

Recently, the company announced a 1:10 stock split, approved by its board of directors on September 30, 2024, to enhance liquidity and make the shares more affordable for retail investors. This move will subdivide each fully paid-up equity share of ₹10 face value into 10 shares of ₹1 each, according to the official filing made by the company. As a result, the total number of shares will increase from approximately 46.5 crore to 465.4 crore.

The company got approval from all the fourteen consortium member banks to approve the OTS proposal. 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 ₹7,800 crore. Over the past year shares of the company have increased by 459%.

Transformers & Rectifiers India Ltd

Transformers and Rectifiers (India) manufactures power, furnace and rectifier transformers. The company has a market capitalisation of ₹12,870 crore. Over the past year, its shares have delivered a return of 370%.

Diamond Power Infrastructure Ltd

Additionally, the company is set to hold a Board of Directors meeting on Tuesday, October 18, 2024, to consider and approve the subdivision/stock split of equity shares of the company and consider a proposal for fundraising. As of July 9, 2024, DPIL’s unexecuted order book position stood at ₹1,505 crore.

Diamond Power Infrastructure is engaged in the business of manufacturing, transmission and distribution of power products and services in India. The company has a market capitalisation of ₹8,700 crore. Over the past year shares of the company have skyrocketed by 2890%.

Wockhardt Ltd

Last week, the company reported that Wockhardt’s other novel antibiotic MiqnafTM (Nafithromycin) received a favourable recommendation from the Subject Expert Committee of Central Drugs Standard Control Organization (CDSCO) for the Treatment of Community-Acquired Bacterial Pneumonia (CABP).

Recently the company has reported that it got another breakthrough antibiotic. Recently, one of its unique once-a-day, β-lactam enhancer-based MDR-active antibiotic, WCK 6777 (Ertapenem/Zidebactam) has completed a Phase I study conducted by the National Institutes of Health, USA.

The company has a market capitalisation of ₹16,750 crore. Over the past year shares of the company have increased by 330%.

Stocks hitting the lower circuit on Tuesday (October 15, 2024)

Ravindra Energy Ltd