Suzlon Energy, MIC Electronics and Ravindra Energy hit the upper circuit, while Sarveshwar Foods hit the lower circuit today

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, advancing by 0.33% and 0.26%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index are also trading positively, up by 0.73% and 0.61%, respectively.

On the NSE, 78 stocks hit the upper price band (Upper Circuit), and 43 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.

Today, shares of Suzlon Energy hit the upper circuit for the third consecutive day and made a new 52-week high at ₹86.04 in the early morning session. This comes after the company announced it has won India's largest wind energy order of 1,166 MW from NTPC Green Energy Limited, the renewables arm of NTPC.

Suzlon will install a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each and the project is to be executed across 3 sites in Gujarat. This win takes Suzlon’s largest‐ever cumulative order book close to 5 GW as of September 03, 2024.

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 ₹1,12,000 crore. In the last one year, shares of the company have surged 258%.

Shares of MIC Electronics hit a 5% upper circuit at ₹90.24 for the second consecutive day. On September 10, 2024 company reported that it has received a letter of acceptance from the Salem Division of the Southern Railway Zone for the provision of telecom based passenger amenities at SGE, SA and provision of FIOSNET at ELS, Erode. The aggregate value of the said work order is ₹1.33 crore.

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. The company has a market capitalisation of ₹1,600 crore and over the past year company shares have surged by 198%.

Ravindra Energy stock got locked in the 5% upper circuit at ₹104.55 in the early morning session of Thursday. The meeting of the Board of Directors of the company was held yesterday where they proposed reclassification of the company's authorised share capital and Issuance of equity shares. These decisions reflect the company's strategic move to enhance its equity base and optimize its capital structure, aligning with its long-term growth objectives. Incorporated in 1980, Ravindra Energy is in the business of selling Solar Pumps, setting up Solar Generation Power Plant (Ground Mount & Rooftop) & generation and sale of Power. The company has a market capitalisation of ₹1,600 crore and over the past year company shares have surged by 83%.

Sarveshwar Foods hit a 5% lower circuit at ₹10.57 in the early morning session of Thursday. The company manufactures basmati rice and other products. It has a market capitalisation of ₹1,050 crore and over the past year shares of the company have surged by 110%.

Recently the company reported that it has initiated strategic partnerships with certain Non-Banking Financial Companies (NBFCs) to enhance financial support for farmers who are the backbone of the company’s supply chain and drive improvements within the agricultural sector. Key Aspects of the initiated Partnerships will be focused on Enhancing Financial Support, Infrastructure Development, Technical Assistance and Sustainable Growth for the farmers.