These four stocks hit the upper circuit; Force Motors, KPI Green Energy, E2E Networks and Pondy Oxides & Chemicals

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 0.17% and 0.37%, respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index are trading in the green, up by 0.68% and 1.03%, respectively.

On the NSE, 142 stocks hit the upper price band (Upper Circuit), and 32 stocks hit the lower price band (Lower Circuit).

Here is the list of stocks (market cap above ₹1,000 crore) locked in the upper and lower circuits in today’s trading session.

Stocks hitting the upper circuit on Wednesday (October 30, 2024)

Force Motors Ltd

On a consolidated basis, the company reported a 7.69% increase in total income from ₹1810.74 crore in Q2FY24 to ₹1949.9 crore. PAT has increased by 43.84% from ₹93.89 crore in Q2FY24 to ₹135.05 crore.

Force Motors is a fully vertically integrated automobile company, with expertise in designing, developing and manufacturing the full spectrum of automotive components, aggregates and vehicles. The company's product range includes Tractors, Three wheelers, Light commercial vehicles, Multi Utility Vehicles and Heavy commercial vehicles. Force Motors has a market capitalisation of ₹9,700 crore and has increased its shares by 125% over the past year.

KPI Green Energy Ltd

Recently the company has signed successfully signed Power Purchase Agreements (PPA) with Gujarat Urja Vikas Nigam Limited for 620MWAC (917MWDC) out of which 250 MWAC is a grid-connected Solar Photovoltaic Power Project and 370 MWAC grid-connected Hybrid RE Power Project.

The company's cumulative order book stands at 2,327+ MW, out of which 1,260+ MW is under the Independent Power Producer (IPP) segment and 1,067+ MW is under the Captive Power Producer (CPP) segment as of Q1FY25. It has a market capitalisation of ₹9,990 crore. Over the past year, shares have soared by 178%.

E2E Networks Ltd

Ace Investor Ashish Kacholia's name appeared in the company's shareholding. He holds a 1.05% stake in the company, which was revealed in the second quarter filing of FY25.

On October 25, the company reported that it was the first company to bring NVIDIA H200 Tensor Core GPUs to the Indian market. The NVIDIA H200 GPU cluster, interconnected with NVIDIA Quantum-2 InfiniBand networking, is engineered to advance generative AI. It offers 4.8 TB/s of memory bandwidth and 141 GB of GPU memory capacity and delivers up to 1.9X higher inference performance compared with NVIDIA H100 Tensor Core GPUs.

A few months back, the company successfully closed a strategic investment round, securing ₹420.51 crores through a preferential issue of equity shares. E2E Cloud is a MeitY-empanelled AI-focused cloud provider. The company offers advanced cloud GPUs such as HGX H100, A100, and L4OS, along with high-end InfiniBand-powered configurations like 64xH100 and 256xH100. E2E Cloud also features an advanced AI development platform, TIR, enabling developers to train and deploy foundational AI models, serving nearly 3000 customers. E2E Networks has a market capitalisation of ₹6,900 crore.

Pondy Oxides & Chemicals Ltd

POCL has invested ₹50 crore in Capex during H1FY25. The board of the company also approved the raising of funds for an aggregate amount not exceeding ₹250 crore through Qualified Institutional Placement (QIP) in one or more tranches. A few days back the company had a record date for share split. Face Value Split (Sub-Division) from ₹10 per share to ₹5 per share.

Incorporated in 1995, Pondy Oxides and Chemicals manufactures lead metal and alloys and other non-ferrous metals. The company has a market capitalisation of ₹2,300 crore and has increased its shares by 328% over the past year.