Senco Gold, Tribhovandas Bhimji Zaveri and Emcure Pharmaceuticals hit the upper circuit

Indian benchmark indices extended gains on Thursday continuing its rally for the fifth consecutive session. The NIFTY50 traded 150 points or 0.67% higher at 23,060 and SENSEX jumped 470 points or 0.65% at 75,938 at noon on Thursday. The broader markets underperformed the benchmark indices by a small margin as NIFTY midcap 100 and Smallcap 100 gained 0.5% on Thursday afternoon.

However, the market breadth remained in favour of advances as 1,830 stocks traded in green against 897 in the red. Moreover, 32 stocks hit a 52-week high and 38 stocks hit a 52-week low. Similarly, 142 stocks traded in green and 30 stocks traded in red on Thursday.

Senco Gold

The shares of Seco Gold have been in focus in the last few sessions as gold prices continued to hit record-high levels in global and domestic markets. The domestic gold prices crossed ₹91,000 per ounce in Mumbai and globally at $3050 per ounce levels on Thursday morning. Following the positive tailwind for the sector shares of Senco Gold were locked in 5% upper circuit for the third consecutive day at ₹275 apiece on the NSE. The shares are now trading 64% lower from the record high levels touched in October 2024.

Emcure Pharmaceuticals

The shares of Emcure Pharmaceuticals hit a 10% upper circuit at ₹1,025 apiece on the NSE today. The shares have been in focus since last week after the company announced its foray into the daily supplements space under its brand Arth. Emcure Pharmaceuticals shares are now trading 36% lower from its record high levels hit in September 2024.

Tribhovandas Bhimji Zaveri

Shares of Mumbai-based Tribhovandas Bhimji Zaveri Ltd, one of the oldest jewellers were locked in a 5% upper circuit after gold prices crossed ₹91,000 mark in Mumbai on Thursday amid a sharp jump in the global gold price. Gold prices have gained more than 40% in the last year amid uncertainty over tariff wars, recessionary pressure and the plight of capital to safe havens like gold. The shares have gained nearly 15% from the lower levels after hitting 5% upper circuit for three consecutive sessions.

Apart from the above-mentioned stocks, shares of companies like Ashapura Minechem, Walchandnagar Industries, NIBE ltd, Panacea Biotech, E2E Networks and more were locked inthe upper circuit range.