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  5. RattanIndia Power, Jubilant Industries and E2E Networks hit the upper circuit, while Inox Wind hit the lower circuit today

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RattanIndia Power, Jubilant Industries and E2E Networks hit the upper circuit, while Inox Wind hit the lower circuit today

Upstox
By Upstox News Desk

3 min read | Updated on May 28, 2024, 12:46 IST

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SUMMARY

In a volatile morning session where the frontline indices are swinging between gains and losses, RattanIndia Power, Jubilant Industries and E2E Networks hit a 5% upper circuit, while Inox Wind locked in a 10% lower circuit today.

Stock list

RTNPOWER
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JUBLINDS
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E2E
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INOXWIND
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Suzlon Energy, Dredging Corporation of India, MIC Electronics and Ramco Systems hit the upper circuit

Mid-market update: Benchmark indices off day’s high, Bank Nifty in red

On Tuesday, the Sensex was trading at 75,560 levels up by 175 points. The BSE Midcap and the BSE Smallcap Index were seen trading with marginal losses.

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 (May 28, 2024)

RattanIndia Power Ltd

On Tuesday, shares of RattanIndia Power were locked in the 5% upper circuit at ₹16.80. The company's stock is hitting a back-to-back 52-week high, along with hitting back-to-back upper circuits over the last month. In that same period, the stock has soared by 89.33%. The key trigger for the rally is better-than-expected earnings from the company.

RattanIndia Power is one of India’s largest private power generation companies. It has a market capitalisation of ₹8,900 crore. In the last one year, shares of the company have surged by 433%.

Jubilant Industries Ltd

Shares of Jubilant Industries locked in the 5% upper circuit today, after the company declared financial results yesterday. Over the past year shares of the company have surged by 130%. Jubilant Industries is in the business of Agri and Performance Polymers of Jubilant Bhartia Group. The company's diversified portfolio of agri products and performance polymers delivers a broad range of technology-based products and solutions to customers in India and globally. Here is the table for financial results on a consolidated basis.
(₹ in crores)Growth
ParticularsMar-24Dec-23Mar-23YoYQoQ
Total Income300.49292.71344.56-12.79%2.66%
PAT22.01-22.989.7128%-

E2E Networks Ltd

For the second consecutive day, the stock of E2E Networks is locked in the upper circuit at ₹1,127.30. The company had declared strong financial results on May 25. E2E Networks is an NSE-listed AI-focused hyperscale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications. It has a market capitalisation of ₹1,600 crore. In the last one year, shares of the company have surged by 512%. Here is the table for financial results.
(₹ in crores)Growth
ParticularsMar-24Dec-23Mar-23YoYQoQ
Total Income29.6424.5817.9864.85%20.59%
PAT3.535.582.5339.53%-36.74%

Stocks hitting lower circuit on Tuesday (May 28, 2024)

Inox Wind Ltd

Shares of Inox Wind locked in a 10% lower circuit after it saw a block deal involving a 5% stake in the company on May 28. The transaction was executed at a floor price of ₹151 apiece, an over 8% discount from the stock's previous close. According to reports and media houses, the company's promoter entity Inox Wind Energy is likely to be the seller. As per the company's latest shareholding data, Inox Wind Energy held a 38.43% stake, which will now be cut to 33.43% after the stake sale.

Inox Wind is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solution. It has a market capitalisation of ₹19,250 crore. In the last one year, shares of the company have surged by 405%.

About The Author

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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