Suzlon Energy, Gensol Engineering, PC Jeweller and Shakti Pumps (India) hit the upper circuit

In the morning session on Tuesday, on the NSE, 76 stocks hit the upper price band (Upper circuit), and 47 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 (July 23, 2024)

Suzlon Energy Ltd

Today, shares of Suzlon Energy locked in 5% upper circuit at ₹57.75. The company reported strong financials for Q1FY25 on July 22, 2024. For the Q1FY25 on consolidated basis the company has reported 50.13% growth in total income from ₹1,361.68 crore to ₹2,044.35 crore and net profit has increased by 199.59% from ₹100.9 crore to ₹302.29 crore.

Gensol Engineering Ltd

Gensol Engineering is a leading player in the renewable energy sector specialising in solar power engineering, procurement, and construction (EPC) services, along with electric mobility solutions. The company has a market capitalisation of ₹3,700 crore. In the last one year, shares of the company have surged 112%.

PC Jeweller Ltd

The stock of a popular jewellery brand locked in an upper circuit of 5% on Tuesday morning session at the price of ₹74.16. The company received approval on the One Time Settlement (OTS) proposal submitted by the company to Bank of Baroda on July 20, 2024. The company had opted for OTS to settle the outstanding dues.

Shakti Pumps (India) Ltd

Shakti Pumps (India) Ltd is primarily engaged in manufacturing pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications. Over the past year, shares of the company have zoomed by 545%. It has a market capitalisation of ₹8,600 crore.