Top 4 Stocks that trade in circuits today, Know why they are locked in their circuit limits

On Friday, BSE Sensex opened in the positive but inched lower to trade at 74,126.95 level, down by 0.26% in the early morning session. Currently, most companies are trading in red, with the BSE Midcap index hovering at 41,460.53, up by 0.52%. The BSE Smallcap index was trading around 47,274 up by 0.34%.

These four stocks with a market capitalisation of over ₹1,000 crore hit the upper and lower circuit in the morning session.

Stocks hitting upper circuit on Friday (April 26, 2024)

Rossell India Ltd

On Friday, shares of Rossell India are locked in the 20% upper circuit. The rise in the stock price came after the company declared demerge of its two businesses. The tech vertical including Aerospace and Defence will be under Rossell Techsys Limited and Tea vertical which shall continue under Rossell India. It is locked at ₹467.60 in the upper circuit range. The company is in the business of Tea and Aerospace Defence (Engineering, Manufacturing, and Services). It has a market capitalisation of ₹1,763 crore. In the last one year, the stock has given returns of 82.66%.

Sterling and Wilson Renewable Energy Ltd

Sterling and Wilson Renewable Energy locked in a 5% upper circuit today at ₹695.70. As per the commentary, the company is anticipating higher order bookings in FY25 with expected additions from Reliance Industries and other major clients. Additionally, it is expecting revenue conversion of ₹6,000 to ₹7,000 crore from the unexecuted order book in FY25. The company is solar engineering, procurement and construction (EPC) solutions provider and has a market capitalisation of ₹16,107 crore. Over the past year shares of the company have surged by 135.23%.

Stocks hitting lower circuit on Friday (April 26, 2024)

KPI Green Energy Ltd

KPI Green has been consistently hitting back-to-back 5% upper circuits from the past few trading sessions due to result anticipation. However, on Friday, it got locked in the lower circuit at ₹2,003.80 after releasing the year-end and Q4FY24 results last night. The company has shown 35.5% YoY quarterly growth in PAT and 47.5% growth in PAT for FY24. The results were good, but below the street expectation, which dragged the stock in the lower circuit on Friday. The company is in the business of power generation and supply and has a market capitalisation of ₹12,079 crore. Over the past year, shares of the company have surged by 513.23%.

Sun Pharma Advanced Research Company

The only stock in our list to hit the back-to-back lower circuit for the past many trading sessions is Sun Pharma Advanced Research Company. On Friday again it got locked in the lower circuit range of ₹258.25. The company is engaged in the business of research and development (R&D) of pharmaceutical products and has a market capitalisation of approximately ₹8,380 crore. The stock has been on a lower circuit hitting speer since the decision to close the trial of the phase 2 study of Vodobatinib for Parkinson's. Shares of the company have tanked 40% in the last 10 trading days and on Friday, a sell quantity of almost 48,69,755 shares is pending on NSE.