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  5. Swelect Energy Systems, NIIT, GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit today

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Swelect Energy Systems, NIIT, GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit today

Upstox
By Upstox News Desk

4 min read | Updated on September 04, 2024, 15:17 IST

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SUMMARY

On Wednesday, the NIFTY50 index traded in negative terrain near the 25,100 level. Swelect Energy Systems hit the 20% upper circuit, while NIIT hit the 10% upper circuit. GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the 5% upper circuit.

Stock list

SWELECTES
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NIITLTD
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GMRP&UI
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FILATFASH
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63MOONS
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Swelect Energy Systems, NIIT, GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit today

Swelect Energy Systems, NIIT, GMR Power & Urban Infra, Filatex Fashions and 63 Moons Technologies hit the upper circuit today

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the red, declining by 0.68% and 0.59%, respectively. Nifty Midcap 100 index trading in red at negative 0.65% while the Nifty Smallcap 100 index is trading in green, up by 0.11%.

On the NSE, 58 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 circuits in today’s trading session.

Stocks hitting the upper circuit on Wednesday (September 04, 2024)

Swelect Energy Systems Ltd

Shares of Swelect Energy Systems were locked in 20% upper circuit at ₹1,172.40 in the early morning session on Wednesday. Swelect Energy Systems is engaged in manufacturing and trading solar power projects, contract manufacturing, installation, maintenance, and energy-efficient lighting systems.

Swelect Energy Systems has a market capitalisation of ₹1,777 crore. In the last year, the company's shares have given returns of over 115%.

NIIT Ltd

Shares of NIIT hit the 10% upper circuit at ₹190.10 in the early morning session on Wednesday. NIIT is a leading skill and talent development corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.

Recently Thandai Family Trust and Pawar Family Trust who are the company's largest shareholders have increased their stake in the company. Additionally, ace investor Ramesh Damani through a bulk deal acquired 8,00,000 shares on August 23. The company has fixed Thursday, September 05, 2024, as the Record Date for the dividend of ₹0.75. The company’s 41st Annual General Meeting (AGM) of the members of the company will be held on Tuesday, September 24, 2024.

The company has a market capitalisation of ₹2,600 crore. Over the past three months shares of the company have climbed by 99% and over the year it has increased by 128%.

GMR Power & Urban Infra Ltd

GMR Power & Urban Infra shares hit the 5% upper circuit at ₹148.20 in the early morning session of Wednesday. The company reported strong financial earnings. On a consolidated basis, for Q1FY25, the company reported 45.77% growth in total income from ₹1,190.42 crore in Q1FY24 to ₹1,735.22 crore. PAT has increased from a net loss of ₹217.75 crore in Q1FY24 to ₹1,362.1 crore.

The 5th Annual General Meeting will be held on Monday, September 16, 2024. It is looking to raise funds of up to ₹3,000 crore in one or more tranche(s) through the issue of securities, including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities.

GMR Power and Urban Infra Limited (GPUIL), a subsidiary of GEPL, has expertise in the sectors of energy, urban infrastructure, and transportation. It has a market capitalisation of ₹10,600 crore. In the last year, the company's shares have given staggering returns of over 332%.

(₹ in crores)Growth
ParticularsQ1FY25Q4FY24Q1FY24YoYQoQ
Total Income1735.221769.191190.4245.77%-1.92%
PAT1362.1170.39-217.75-699.40%

Filatex Fashions Ltd

Shares of Filatex Fashions hit the 5% upper circuit on the fourth consecutive day at ₹1.39 in the early morning session on Wednesday. This comes after the company subsidiary Filatex Mines and Minerals Private Limited obtained an export order worth $43,875,000 from Société DIMO - BTP SARL (SDBS), a company based out of the Republic of Guinea. SDBS has been a distributor of granite and marble for the past nine years and has a dealer network of over 5,000 in 14 African countries. The time for the order is 5 years.

Filatex Fashions, incorporated in 1995, manufactures socks and has a market capitalisation of ₹1,100 crore.

63 Moons Technologies Ltd

Today, shares of 63 Moons Technologies are locked in the 5% upper circuit at ₹377.90 in the early morning session on Wednesday. The company has received a letter from NSEL Investors Forum (NIF) for an amicable OTS (one-time settlement) for the closure of litigation arising out of payment default by defaulters at the NSEL platform 11 years ago.

63 Moons Technologies is engaged in Computer Programming, Consultancy and related services. The company provides next-generation technology ventures, innovations, platforms, and solutions for creating digital markets and marketplaces that enable price discovery and transaction efficiencies across industry segments. Its focus has always been towards providing technology solutions, building user-friendly financial platforms, and creating digital marketplaces in India and abroad. The company has a market capitalisation of ₹1,700.

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