Websol Energy System, Kitex Garments and Solara Active Pharma Sciences hit the upper circuit, while PC Jeweller and E2E Networks hit the lower circuit

Domestic equity bourses, NIFTY50 and SENSEX, are trading in the red, declining by 1.60% and 1.48%, respectively. The Nifty Midcap 100 index and the Nifty Smallcap 100 index are trading in the red declining by 1.44% and 2.18% respectively.

On the NSE, 104 stocks hit the upper price band (Upper Circuit), and 79 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 Monday (November 04, 2024)

Websol Energy System Ltd

Additionally, the company will add 600 MW Cell Line Mono PERC at the Falta location for which around ₹220 crore investment is required. Websol Energy System manufactures photovoltaic crystalline solar cells and related modules in India. The company has a market capitalisation of ₹6,400 crore. Over the past one year shares of the company have seen a surge of 743%.

Kitex Garments Ltd

Kitex Garments was incorporated in 1992. The company exports cotton and organic cotton garments especially infant wear to US and European markets. The company has a market capitalisation of ₹4,200 crore. Over the past six months, shares of the company have seen a surge of 209%.

Sabu Jacob chairman and managing director of Kitex Garments in their press release stated that the turnover which has reached ₹500 crore is set to touch ₹1,000 crore in the current fiscal from ₹641 crore in the previous year with this growth momentum. The unrest in Bangladesh has contributed to the financial growth of not only Kitex Garments but the entire garment industry in India. The Telangana Phase I and II will be operational by 2025 and 2026. With this, the total capacity of Kitex will be increased by $0.5 billion.

Solara Active Pharma Sciences Ltd

It has a market capitalisation of ₹2,900 crore. Over the past year shares of the company have gained by 156%.

Stocks hitting the lower circuit on Monday (November 04, 2024)

PC Jeweller Ltd

The company’s preferential issue of 48,13,42,500 Fully Convertible Warrants has been completed. The proposed allottees, including the promoter group, subscribed 99.89%, amounting to an issue size of ₹2,702.11 crore. Out of this, ₹2,025 crore will be used to repay bankers' outstanding debts. Earlier, the company received approval from all fourteen consortium member banks to approve the Offer for Settlement (OTS) proposal.

Additionally, the company announced a 1:10 stock split, approved by its board of directors on September 30, 2024, to enhance liquidity and make the shares more affordable for retail investors. According to the company's official filing, this move will subdivide each fully paid-up equity share of ₹10 face value into 10 shares of ₹1 each. As a result, the total number of shares will increase from approximately 46.5 crore to 465.4 crore.

PC Jeweller manufactures, sells, and trades gold, diamond-studded, and silver jewellery and operates in different geographical areas. It has a market capitalisation of ₹6,900 crore.

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.

A few months back, the company successfully closed a strategic investment round, securing ₹420.51 crore through a preferential issue of equity shares. E2E Cloud is a MeitY-empanelled AI-focused cloud provider. E2E Networks has a market capitalisation of ₹7,200 crore.