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Transformers & Rectifiers India, Diamond Power Infrastructure, Wockhardt, Sterling and Wilson Renewable Energy and Indo Tech Transformers hit the upper circuit
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5 min read | Updated on October 11, 2024, 14:05 IST
SUMMARY
On Friday, the NIFTY50 index traded in the red near the 24,950 level. Transformers & Rectifiers India, Diamond Power Infrastructure, Wockhardt, Sterling and Wilson Renewable Energy and Indo Tech Transformers hit the 5% upper circuit while Reliance Power hit the 5% lower circuit today.
Stock list
Transformers & Rectifiers India, Diamond Power Infrastructure, Wockhardt, Sterling and Wilson Renewable Energy and Indo Tech Transformers hit the upper circuit while Reliance Power hit the lower circuit today
Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 0.20% and 0.30%, respectively. The Nifty Midcap 100 index and Nifty Smallcap 100 index were trading positively, up by 0.17% and 0.54%, respectively.
On the NSE, 80 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 Friday (October 11, 2024)
Transformers & Rectifiers India Ltd
Transformers and Rectifiers (India) manufactures power, furnace and rectifier transformers. The company has a market capitalisation of ₹11,600 crore. Over the past year, its shares have delivered a return of 361%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q2FY25 | Q1FY25 | Q2FY24 | YoY | QoQ |
| Total Income | 473.31 | 326.03 | 258.12 | 83.37% | 45.17% |
| PAT | 45.91 | 20.83 | 1.89 | 2329.10% | 120.40% |
Diamond Power Infrastructure Ltd
Additionally, the company is set to hold a Board of Directors meeting on Tuesday, October 15, 2024, to consider and approve subdivision/stock split of equity shares of the company.
Diamond Power Infrastructure is engaged in the business of manufacturing Transmission & distribution of power products & services in India. The company has a market capitalisation of ₹7,900 crore. Over the past year shares of the company have skyrocketed by 2876%.
Wockhardt Ltd
Recently the company has reported that it got another breakthrough antibiotic. Recently, one of its unique once-a-day, β-lactam enhancer-based MDR-active antibiotic, WCK 6777 (Ertapenem/Zidebactam) has successfully completed a Phase I study conducted by the National Institutes of Health, USA.
The company has a market capitalisation of ₹15,200 crore. Over the past year shares of the company have increased by 328%.
Sterling and Wilson Renewable Energy Ltd
The board of directors meeting is scheduled to be held on October 14, 2024, to consider and approve the Financial Results of the company for the quarter ended September 30, 2024. The company has a market capitalisation of ₹13,500 crore. Over the past year, the stock increased by 83%.
Indo Tech Transformers Ltd
Stocks hitting the lower circuit on Friday (October 11, 2024)
Reliance Power Ltd
In a recent board meeting, the company approved the issuance of up to $500 million (₹4,200 crore) in Foreign Currency Convertible Bonds (FCCBs) on a private placement basis to affiliates of Varde Investment Partners. These FCCBs will have a low interest rate of 5% per annum, are unsecured, and carry a 10-year tenure. They are convertible into approximately 82.30 crore equity shares at a conversion price of ₹51.
This marks the company's second fundraising initiative, following the approval to raise ₹1,525 crore through a preferential allotment on September 23. These funds will support business expansion, investments in subsidiaries and joint ventures, debt reduction, and general corporate purposes.
Reliance Power has been established to develop, construct and operate power projects in India and internationally. The company has a market capitalisation of ₹18,000 crore.
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