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  5. TPL Plastech, Zen Technologies, Cupid, Suzlon Energy and Suraj Estate Developers hit the upper circuit

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TPL Plastech, Zen Technologies, Cupid, Suzlon Energy and Suraj Estate Developers hit the upper circuit

Upstox
By Upstox News Desk

4 min read | Updated on July 30, 2024, 14:39 IST

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SUMMARY

On Tuesday, the NIFTY50 index traded in the green near the 24,900 level. TPL Plastech hit the 10% upper circuit while Zen Technologies, Cupid, Suzlon Energy and Suraj Estate Developers hit the 5% upper circuit.

Stock list

TPLPLASTEH
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ZENTEC
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CUPID
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SUZLON
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SURAJEST
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HPCL stock was trading nearly 5% higher at ₹399.60 on the NSE. 

HPCL stock was trading nearly 5% higher at ₹399.60 on the NSE. 

Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green on Tuesday, advancing by 0.22% and 0.14%, respectively. Nifty Midcap 100 index and Nifty Smallcap 100 index were in the green, increasing by 0.60% and 0.92%, respectively.

In the morning session on Tuesday, on the NSE, 96 stocks hit the upper price band (Upper circuit), and 10 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 Tuesday (July 30, 2024)

TPL Plastech Ltd

In the early morning session today, shares of TPL Plastech soared to a new 52-week high and locked at the 10% upper circuit limit ₹120.71. At BSE today, a spurt in volume can be seen at 3.64 times; on Wednesday as well, the stock hit an upper circuit. This sharp rise is primarily attributed to a bullish breakout in the stock's daily chart pattern, which is accompanied by higher-than-average volumes.

TPL Plastech manufactures and sells polymer products. The company has a market capitalisation of ₹940 crore and has climbed 191% in shares over the past year.

Zen Technologies Ltd

On Tuesday, shares of Zen Technologies hit the second consecutive day 5% upper circuit at ₹1,688.20 primarily after it declared strong financial results for Q1FY25 on July 28. On a consolidated basis, for Q1FY25, the company reported 90.72% growth in total income from ₹135.13 crore in Q1FY24 to ₹257.72 crore. PAT has increased by 64.13% from ₹48.43 crore in Q1FY24 to ₹79.49 crore. As of June 30, 2024, the company's total order book stands at ₹1,158.54 crore.

The company designs, develops and manufactures combat training solutions and counter-drone solutions for defense and security forces. It is actively involved in the indigenization of technologies which are beneficial to Indian armed forces, state police forces and paramilitary forces. Company has a market capitalisation of ₹14,000 crore. Over the past year, its shares have climbed 165%.

Consolidated (₹ in crores)Growth
ParticularsQ1FY25Q4FY24Q1FY24YoYQoQ
Total Income257.72144.04135.1390.72%78.92%
PAT79.4937.5948.4364.13%111.47%

Cupid Ltd

Cupid stock locked hit a 5% upper circuit at ₹96.69 in the early morning session on Tuesday. The company is hitting back-to-back upper circuits from July 25 after it announced multiple updates. The company has reported that the board meeting is scheduled to be held on Monday, August 05, 2024, for approval of financial results. Additionally, it is reported that the company plans to expand its e-commerce presence on India's premier online marketplaces, including Amazon, Flipkart, and 1mg.

Cupid operates in the contraceptive and personal wellness industry. It is India's premier manufacturer of male and female condoms, personal lubricant, and IVD kits. The company has recently launched its line of CUPID Deodorants and Pocket Perfumes. The company has a market capitalization of ₹2,600 crore. Over the past year, its shares have climbed 566%.

Suzlon Energy Ltd

Today, shares of Suzlon Energy hit a 5% upper circuit at ₹68.25. Last week the company reported strong financials for Q1FY25. On a consolidated basis, the company reported 50.13% growth in total income from ₹1,361.68 crore to ₹2,044.35 crore, and net profit increased by 199.59% from ₹100.9 crore to ₹302.29 crore. The company's wind order book stands at 3.8 GW.

Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer that also undertakes installation and O&M of all WTG sales. The company has a market capitalisation of ₹93,000 crore. In the last year, its shares have surged 277%.

Suraj Estate Developers Ltd

Shares of Suraj Estate Developers are locking in back to back 5% upper circuit from past many trading cycles. Today in the early morning session on Tuesday again it got locked at ₹734.75. This is coming primarily due to results anticipation. The company has announced the schedule for the board meeting which is going to be held on August 01, 2024, for approval of financial results. Over the past month shares of the company have increased by 47%.

Suraj Estate Developers is a real estate construction company that develops residential and commercial properties in the South Central Mumbai region. It has a market capitalisation of ₹3,250 crore and has increased its shares by 117% in the last six months.

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