Pondy Oxides & Chemicals, PC Jeweller and Kernex Microsystems (India) hit the upper circuit, while GE T&D India hit the lower circuit today

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 0.60% and 0.43%, respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index are trading in the red, falling by 1.02% and 0.52%, respectively.

On the NSE, 76 stocks hit the upper price band (Upper Circuit), and 29 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 Thursday (October 17, 2024)

Pondy Oxides & Chemicals Ltd

Consolidated revenue from operations has increased to ₹1,024 core up 42% (YoY) on a half-yearly basis and to ₹579 crore up 46% (YoY) & 30% (QoQ) on a quarterly basis. Consolidated PAT more than doubled and increased to ₹28 crore up 188% (YoY) on a half-yearly basis and to ₹15 crore up 168% (YoY) on a quarterly basis. PAT Margins increased to 3%.

POCL has invested ₹50 crore in Capex during H1FY25. The board of the company approved the raising of funds for an aggregate amount not exceeding ₹250 crore through Qualified Institutional Placement (QIP) in one or more tranches. Additionally yesterday the company had a record date for Share Split. Face Value Split (Sub-Division) From ₹10 per share to ₹5 per share.

Incorporated in 1995, Pondy Oxides and Chemicals manufactures Lead Metal and Alloys and other Non-ferrous metals. The company has a market capitalisation of ₹2,910 crore and has increased its shares by 383% over the past year.

PC Jeweller Ltd

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

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. According to the company's official filing, this move will subdivide each fully paid-up equity share of ₹10 face value into 10 shares of ₹1 each. As a result, the total number of shares will increase from approximately 46.5 crore to 465.4 crore.

The company received approval from all 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 ₹8,500 crore and has increased its shares by 444% over the past year.

Kernex Microsystems (India) Ltd

Recently the company was awarded a new order from Rail Coach Factory, Kapurthala, worth ₹4.35 crore for the Supply, Installation, Testing, and Commissioning of Train Collision Avoidance System (KAVACH) for their train set. The company has a market capitalisation of ₹1,350 crore and has increased its shares by 43% over the past year.

Stocks hitting the lower circuit on Thursday (October 17, 2024)

GE T&D India Ltd

GE T&D India is the entity of GE Vernova’s Electrification business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid. It has a market capitalisation of ₹49,500 crore. Over the past one year shares of the company have surged by 384%.