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  5. Premier Explosives, Aurionpro Solutions and Sanofi India hit the upper circuit, while Dolphin Offshore Enterprises trades in the lower circuit today

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Premier Explosives, Aurionpro Solutions and Sanofi India hit the upper circuit, while Dolphin Offshore Enterprises trades in the lower circuit today

Upstox
By Upstox News Desk

3 min read | Updated on June 19, 2024, 17:38 IST

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SUMMARY

On Tuesday, the Nifty50 index traded at 23,550, up by 0.36%. Premier Explosives hit a 10% upper circuit while Aurionpro Solutions and Sanofi India touched the 5% upper circuit. Dolphin Offshore Enterprises drowned to hit a 5% lower circuit.

Stock list

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Premier Explosives, Aurionpro Solutions and Sanofi India hit the upper circuit, while Dolphin Offshore Enterprises trades in the lower circuit today

Premier Explosives, Aurionpro Solutions and Sanofi India hit the upper circuit, while Dolphin Offshore Enterprises trades in the lower circuit today

Today, the Nifty50 index and Sensex are trading in the green, both advancing by 0.36%. Nifty Midcap 100 and Nifty Smallcap 100 indices traded with gains of over 0.32% and 0.83%, respectively.

In the morning session on Tuesday, on NSE, 131 stocks hit the upper price band (Upper circuit) and 37 stocks hit the lower price band (Lower Circuit).

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 Tuesday (June 18, 2024)

Premier Explosives Ltd

Shares of Premier Explosives hit a 10% upper circuit today in the early morning session at ₹3,882.35. On June 5, the company held an earnings conference call and since then the company started to gain momentum. Over the past two weeks, shares of the company have increased its value by 63%. On June 21, 2024, the company has a record date for face value split (Sub-Division) from ₹10 per share to ₹2 per share in a ratio of 5:1.

Premier Explosives is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO.

Aurionpro Solutions Ltd

On Tuesday shares of Aurionpro Solutions hit 5% upper circuit ₹2,820.35. On June 14, the Board of Directors of the company held a board meeting and fixed the Record Date as Thursday, June 27, 2024, for bonus equity shares of the company in the proportion of one equity share for every one existing equity share.

Aurionpro Solutions primarily offers software products and consulting services to the banking industry in India and abroad. The company works in providing business solutions in the fields of Transaction Banking Platform, Customer Experience (ACE Platform), Smart City and Smart Transportation experience and Cybersecurity solutions. The company has a market capitalization of ₹7,570 crore. In the last one year, shares of the company have surged 170%.

Sanofi India Ltd

For the third consecutive session, Sanofi India shares got locked in the 5% upper circuit at ₹7,180.60. On June 13 the stock turned ex-date for the demerger of its consumer healthcare business. On May 10, 2023, Sanofi India's board approved the demerger of its Consumer Healthcare business into a new entity. This move was aimed to unlock greater value by allowing the consumer healthcare business to build sustainable growth models.

Sanofi India is engaged in the business of manufacture and sale of pharmaceutical products. Sanofi has strategic partnerships with key players in the pharmaceutical business Emcure and Cipla for different products. It has a market capitalization of ₹16,540 crore and over the past year shares of the company have increased by 60%.

Stocks hitting lower circuit on Tuesday (June 18, 2024)

Dolphin Offshore Enterprises (India) Ltd

Shares of Dolphin Offshore Enterprises (India) got locked in a 5% lower circuit at ₹727.10. Over the past three months, the stock has seen an increase in its value by 135%. The lower circuit can be attributed to profit booking among the investors after the stock soared to new highs.

Dolphin Offshore Enterprises provides services to the offshore oil and gas industry and has a market capitalisation of ₹2,900 crore. It has undertaken turnkey projects involving sub-sea and marine services and as an EPC contractor.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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