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Sky Gold, Suraj Estate Developers, PC Jeweller and Cupid hit the upper circuit; KPI Green Energy and Marine Electricals (India) hit the lower circuit
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7 min read | Updated on August 13, 2024, 15:56 IST
SUMMARY
On Tuesday, the NIFTY50 index was trading in negative terrain near 24,300 levels. Sky Gold, Suraj Estate Developers, PC Jeweller and Cupid hit the 5% upper circuit while KPI Green Energy and Marine Electricals (India) hit the 5% lower circuit.
Sky Gold, Suraj Estate Developers, PC Jeweller and Cupid hit the upper circuit while KPI Green Energy and Marine Electricals (India) hit the lower circuit
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red, decreasing by 0.21% and 0.23%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green, advancing by 0.14% and 0.01%, respectively.
On the NSE, 78 stocks hit the upper price band (Upper Circuit), and 44 stocks hit the lower price band (Lower Circuit).
Here is the list of stocks (market cap above ₹1,000 crore) locked in upper circuits in today’s trading session.
Stocks hitting the upper circuit on Tuesday (August 13, 2024)
Sky Gold Ltd
Additionally, the board proposed raising of funds in one or more tranches for an aggregate amount not exceeding ₹270 crore. In the last year, the company's shares have given staggering returns of over 852%. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹3,100 crore.
| Particulars | Q1 FY25 | Q1 FY24 | Y-o-Y (%) | Q4FY24 | Q-o-Q (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 723 | 375.7 | 92.4 | 513.4 | 40.8 |
| EBITDA | 37.3 | 18.6 | 100 | 25.3 | 47.2 |
| Profit After Tax | 21.2 | 10.7 | 98.9 | 13.6 | 56 |
Suraj Estate Developers Ltd
Suraj Estate Developers is a real estate construction company that develops residential and commercial properties in the South Central Mumbai region. It has a market capitalisation of ₹3,400 crore and has increased its shares by 133% in the last six months.
PC Jeweller Ltd
Recently, the company has settled their outstanding dues through One Time Settlement (OTS) from many banks including IDFC First Bank, Indian Bank, Indian Overseas Bank, Bank of Baroda, IndusInd Bank and Canara Bank. 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 ₹4,500 crore and has surged 249% in shares in the last year.
Cupid Ltd
Additionally, the company is incorporating a wholly-owned subsidiary in the United Arab Emirates for expansion. The company reported that it plans to expand its e-commerce presence in India's premier online marketplaces, including Amazon, Flipkart, and 1mg.
Cupid operates in the contraceptive and personal wellness industry. It is India's premier manufacturer of male and female condoms, personal lubricants, and IVD kits. The company has recently launched its line of CUPID Deodorants and Pocket Perfumes. It has a market capitalisation of ₹2,800 crore. Over the past year, its shares have climbed 523%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 44.03 | 65.88 | 35.2 | 25.09% | -33.17% |
| PAT | 8.26 | 23.72 | 2.16 | 282.41% | -65.18% |
Stocks hitting the lower circuit on Tuesday (August 13, 2024)
KPI Green Energy Ltd
Recently the company declared strong financial earnings. On a consolidated basis, for Q1FY25, the company reported 83.58% growth in total income from ₹190.57 crore in Q1FY24 to ₹349.85 crore. PAT has increased by 98.77% from ₹33.26 crore in Q1FY24 to ₹66.11 crore.
Additionally, the company declared an interim dividend of ₹0.20 and the record date is set as August 21, 2024. The company's cumulative order book stands at 2,327+ MW, out of which 1,260+ MW is under the Independent Power Producer (IPP) segment and 1,067+ MW is under the Captive Power Producer (CPP) segment.
KPI Green Energy is a Gujarat-based company specialising in renewable energy solutions. They develop, build, own, and operate solar power plants, both as Independent Power Producers (IPP) and Captive Power Producers (CPP). It has a market capitalisation of ₹12,800 crore. Over the past year, shares have soared by 293%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 349.85 | 292.97 | 190.57 | 83.58% | 19.41% |
| PAT | 66.11 | 43.04 | 33.26 | 98.77% | 53.60% |
Marine Electricals (India) Ltd
Additionally, the company recommended a final dividend of ₹0.20 subject to the approval of shareholders at the ensuing 17th Annual General Meeting of the company. Marine Electricals (India) is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. In the 2024 investor presentation, the company reported that it has an order book of ₹497 crore.
Today, the company has reported that Marine Electricals (India) has entered into a MOU with Cummins India Limited to develop business opportunities that would be mutually beneficial. This MOU would facilitate Supply, Commissioning and after Sales Services in the specific areas, Diesel Generator Sets or Integrated Propulsion and Power Generation Solutions with Conventional or Diesel-Electric Configuration for the Indian Navy in particular besides Private Ship Owners. After this news, the stock was able to recover from the lower levels.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 141.5 | 240.59 | 101.79 | 39.01% | -41.19% |
| PAT | 7.05 | 12.18 | 3.51 | 100.85% | -42.12% |
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