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

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

Upstox
By Upstox News Desk

3 min read | Updated on July 23, 2024, 19:08 IST

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SUMMARY

On Tuesday, the NIFTY50 index trading in green above 24,500 level. Suzlon Energy, Gensol Engineering, PC Jeweller and Shakti Pumps (India) hit the 5% upper circuit.

Stock list

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

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.

Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. The company has a market capitalisation of ₹78,700 crore. In the last one year, shares of the company have surged 194%.

Gensol Engineering Ltd

In the early morning session of Tuesday shares of Gensol Engineering locked in 5% upper circuit ₹985.15.This comes after yesterday after the market clouser company has reported that it has emerges as winning bidder for 116 MW (150 MWp) of solar projects in Gujarat with approximately EPC revenue of ₹600 crore. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Company Ltd. the state electricity distribution company.

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.

PC Jeweller is engaged in the business of manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The company has a market capitalisation of ₹3,450 crore. In the last one year, shares of the company have surged 137%.

Shakti Pumps (India) Ltd

Shakti Pumps (India) stock got locked in 5% upper circuit at ₹4,299.85. The company reported strong financials for Q1FY25 on July 20, 2024. For the Q1FY25 company has reported 402% growth in net sales from ₹113.08 crore to ₹567.56 crore and net profit has increased by 9,166% from ₹1 crore to ₹92.66 crore.

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.

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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