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Suven Life Sciences, Paras Defence and Space Technologies, GMR Power & Urban Infra and Techno Electric & Engineering hit the upper circuit
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5 min read | Updated on August 16, 2024, 16:54 IST
SUMMARY
On Friday, the NIFTY50 index was trading in positive terrain near 24,250 levels. Suven Life Sciences hit the 10% upper circuit, while Paras Defence and Space Technologies, GMR Power & Urban Infra and Techno Electric & Engineering hit the 5% upper circuit. Sky Gold hit the 5% lower circuit.
Suven Life Sciences, Paras Defence and Space Technologies, GMR Power & Urban Infra and Techno Electric & Engineering Company hit the upper circuit while Sky Gold hit the lower circuit
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.48% and 0.45%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green, increasing by 0.95% and 1.17%, respectively.
On the NSE, 73 stocks hit the upper price band (Upper Circuit), and 50 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 Friday (August 16, 2024)
Suven Life Sciences Ltd
Suven Life Sciences is a clinical-stage biopharmaceutical company focused on the acquisition, development and commercialisation of novel therapeutics for the treatment of neurodegenerative disorders. It has a market capitalisation of ₹3,100 crore. In the last year, the company's shares have given returns of over 115%.
Paras Defence and Space Technologies Ltd
As of March 2024, the company's order book stands at ₹630 crore. Paras Defence and Space Technologies is engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions. The company has a market capitalisation of ₹4,700 crore. In the last year, the company's shares have given returns of over 78%.
GMR Power & Urban Infra Ltd
GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, holds expertise in the sectors of Energy, Urban Infrastructure, and Transportation. It has a market capitalisation of ₹7,500 crore. In the last year, the company's shares have given staggering returns of over 389%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 1735.22 | 1769.19 | 1190.42 | 45.77% | -1.92% |
| PAT | 1362.1 | 170.39 | -217.75 | - | 699.40% |
Techno Electric & Engineering Company Ltd
Techno Electric & Engineering Company is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. It has a market capitalisation of ₹19,000 crore. In the last year, the company's shares have given returns of over 246%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 390.02 | 470.88 | 305.15 | 27.81% | -17.17% |
| PAT | 98.1 | 77.54 | 25.26 | 288.36% | 26.52% |
Stocks hitting the lower circuit on Friday (August 16, 2024)
Sky Gold Ltd
Additionally, the board proposed raising 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 730%. Sky Gold designs, manufactures, and markets gold jewellery. It has a market capitalisation of ₹3,190 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 |
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